Sawgrass Asset Management LLC owns $32.27 million worth of stock in Amazon.com, Inc. (NASDAQ:AMZN)

Sawgrass Asset Management LLC has reduced its position in shares of Amazon.com, Inc., according to its latest disclosure to the Securities and Exchange Commission. (NASDAQ:AMZN – Free Report) up 2.6% in the fourth quarter. The fund owned 212,401 shares of the e-commerce giant after selling 5,675 shares during the period. Amazon.com owns 3.6% of Sawgrass Asset Management LLC, making it the company’s third-largest holding. At the end of the last reporting period, the value of Sawgrass Asset Management LLC’s shares in Amazon.com was USD 32,272,000.

Many other large investors also bought and sold the company’s shares. ShoreHaven Wealth Partners LLC increased its position in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares during the period. Measured Wealth Private Client Group LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after purchasing an additional 62 shares during the period. Socha Financial Group LLC raised its position in shares of Amazon.com by 3.3% during the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares during the period. Lake Hills Wealth Management LLC increased its position in shares of Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after purchasing an additional 65 shares during the period. Finally, Veery Capital LLC raised its position in shares of Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after purchasing an additional 66 shares during the period. Currently, 72.20% of the shares are in the hands of institutional investors and hedge funds.

The Wall Street analyst concludes

Several research firms have recently published reports on AMZN. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com on Thursday, April 18. Rosenblatt Securities affirmed a “buy” rating and set a price target for Amazon.com shares at $220.00 in a research note on Wednesday, May 1. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Raymond James raised their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada raised their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One analyst rated the stock with a hold rating, forty-four gave it a buy rating and one gave it a strong buy rating. Based on data from MarketBeat.com, the Amazon.com consensus rating is “Buy” and the consensus price target is $211.62.

View our latest research report on Amazon.com

Amazon.com turnover increase by 0.8%

NASDAQ:AMZN opened at $182.15 on Wednesday. The company has a fifty-day moving average of $182.29 and a 200-day moving average of $166.95. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.90 trillion, a P/E ratio of 51.02, a P/E/G ratio of 1.29 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company saw an EPS of $0.31. The company’s revenues increased by 12.5% ​​compared to the same quarter last year. Analysts predict that on average this year, Amazon.com, Inc. will record 4.72 earnings per share.

Insiders place their bets

In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock on Monday, March 4, in a transaction. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the closing of the transaction, the CEO now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock on Monday, March 4, in a transaction. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the closing of the transaction, the CEO now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. President Adam Selipsky also sold 500 shares of the company on Thursday, March 21. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the transaction, the CEO now owns 132,600 shares of the company’s stock valued at $23,868,000. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. Currently, 10.80% of the shares are owned by corporate insiders.

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

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