Nuance Investments LLC Acquires 12,906 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nuance Investments LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 65.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,481 shares of the e-commerce giant’s stock after acquiring an additional 12,906 shares during the period. Nuance Investments LLC’s holdings in Amazon.com were worth $2,728,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Bridgefront Capital LLC bought a new position in Amazon.com during the first quarter valued at $228,000. Krane Funds Advisors LLC grew its holdings in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC bought a new position in Amazon.com during the first quarter valued at $258,000. My Personal CFO LLC bought a new position in Amazon.com during the first quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new position in Amazon.com during the first quarter valued at $191,000. 57.64% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 6,704 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $636,276.64. Following the transaction, the senior vice president now owns 87,036 shares in the company, valued at approximately $8,260,586.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP David Zapolsky sold 6,704 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $636,276.64. Following the transaction, the senior vice president now owns 87,036 shares in the company, valued at approximately $8,260,586.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 10,760 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the transaction, the chief executive officer now owns 150,120 shares in the company, valued at approximately $16,562,739.60. The disclosure for this sale can be found here. Insiders have sold a total of 61,019 shares of company stock worth $6,053,511 in the last 90 days. Company insiders own 12.30% of the company’s stock.

Amazon.com Trading Down 1.6 %

NASDAQ AMZN opened at $116.25 on Monday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The firm has a market cap of $1.19 trillion, a PE ratio of 276.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $103.63 and a 200-day moving average of $97.07.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter in the previous year, the business earned $0.21 EPS. Amazon.com’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Cowen increased their price objective on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Wedbush increased their target price on Amazon.com from $125.00 to $129.00 in a research report on Friday, April 28th. Barclays dropped their target price on Amazon.com from $150.00 to $140.00 in a research report on Friday, April 28th. Roth Capital restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Finally, Truist Financial increased their target price on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $143.12.

About Amazon.com

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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.