Horan Capital Advisors LLC. Reduces stake in Amazon.com, Inc. (NASDAQ:AMZN)

Horan Capital Advisors LLC. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.7% in the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 6,898 shares of the e-commerce giant after selling 267 shares during the period. Horan Capital Advisors LLC.’s stake in Amazon.com was worth $1,244,000, according to its latest filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently changed their positions in AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at $17,700,551,000. Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Amazon.com by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after purchasing an additional 888,369 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street analysts predict growth

AMZN has been the subject of multiple research reports. TD Securities raised their price target on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10. Piper Sandler raised their price target on Amazon.com from $205.00 to $220.00 and gave the stock a “overweight” rating in a research note on Wednesday, May 1. Stifel Nicolaus raised their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Tigress Financial raised their price target on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30. Finally, Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2. One investment analyst rated the stock a “hold,” forty-two have given a “buy” rating, and one has given a “strong buy” rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “buy” and an average price target of $218.82.

Check out our latest research report on AMZN

Internal activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction amount of $631,015.00. Following the completion of the sale, the CEO now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1. The shares were sold at an average price of $180.29, for a total transaction amount of $631,015.00. Following the completion of the sale, the CEO now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. Disclosure of this sale can be found here. In the last quarter, insiders sold 6,112,990 shares of the company’s stock, valued at $1,222,250,048. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN stock opened at $183.75 on Friday. The stock has a 50-day simple moving average of $187.68 and a 200-day simple moving average of $177.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a quick ratio of 1.07. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 51.47, a PEG ratio of 1.38 and a beta of 1.15. Amazon.com, Inc. has a yearly low of $118.35 and a yearly high of $201.20.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. On average, analysts predict that Amazon.com, Inc. will post $4.72 earnings per share for the current fiscal year.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Wall Street analysts predict growth

Internal activity

Amazon.com Stock Performance

About Amazon.com

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