Amazon.com, Inc. (NASDAQ:AMZN) is First Trust Advisors LP’s 6th Largest Position

First Trust Advisors LP decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,523,003 shares of the e-commerce giant’s stock after selling 464,988 shares during the period. Amazon.com comprises about 0.7% of First Trust Advisors LP’s portfolio, making the stock its 6th biggest holding. First Trust Advisors LP’s holdings in Amazon.com were worth $511,099,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Iron Horse Wealth Management LLC raised its holdings in Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares during the period. Wells Financial Advisors INC grew its position in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after purchasing an additional 266 shares in the last quarter. Knott David M Jr bought a new stake in shares of Amazon.com during the 2nd quarter valued at $32,000. Laurel Wealth Planning LLC lifted its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC grew its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 342 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMZN shares. MKM Partners cut their price objective on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. Rosenblatt Securities boosted their price target on shares of Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, February 3rd. Roth Capital reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Benchmark boosted their target price on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Finally, Truist Financial dropped their price target on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.

Amazon.com Price Performance

AMZN opened at $92.43 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a market cap of $947.15 billion, a price-to-earnings ratio of -344.88, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. The stock has a fifty day simple moving average of $96.01 and a two-hundred day simple moving average of $102.24. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the previous year, the business earned $1.39 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the sale, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock worth $6,994,626 in the last 90 days. Insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.