Amazon.com, Inc. (NASDAQ:AMZN) shares sold by Caldwell Sutter Capital Inc.

Caldwell Sutter Capital Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.8% in the first quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The institutional investor held 2,957 shares of the e-commerce giant after selling 217 shares during the quarter. Caldwell Sutter Capital Inc.’s stake in Amazon.com was worth $533,000, according to the company’s latest 13F filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their holdings in the company. Vanguard Group Inc. increased its stake in Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter worth approximately $17,700,551,000. Jennison Associates LLC increased its position in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after acquiring 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 acquiring an additional 1,525,922 shares during the period. Finally, Fisher Asset Management LLC increased its position 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 during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

Several analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1. Finally, Bank of America raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26. One investment analyst rated the stock a “hold,” forty-two gave a “buy” rating, and one gave the stock a “strong buy” rating. According to MarketBeat, the stock currently has a consensus rating of “buy” and an average price target of $217.38.

Check out our latest analysis on Amazon.com

Internal activity

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.44, for a total transaction value of $3,771,048.96. Following the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure of this sale can be found here. During the last quarter, insiders sold 6,113,490 shares of the company’s stock valued at $1,222,340,738. Insiders currently own 10.80% of the stock.

Amazon.com Stock Performance

NASDAQ AMZN stock opened at $195.05 on Friday. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average price is $187.46, and its two-hundred day moving average price is $175.88. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The stock has a market capitalization of $2.03 trillion, a P/E ratio of 54.64, a P/E/G ratio of 1.43 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com reported a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue increased 12.5% ​​year-over-year. During the same quarter last year, the company reported $0.31 EPS. Sell-side analysts are forecasting that Amazon.com, Inc. will report $4.72 earnings per share for the current year.

Amazon.com Company Profile

(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.

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