Institutional & Family Asset Management LLC Sells 6,825 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Institutional & Family Asset Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 54.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,694 shares of the e-commerce giant’s stock after selling 6,825 shares during the period. Institutional & Family Asset Management LLC’s holdings in Amazon.com were worth $478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kavar Capital Partners Group LLC boosted its position in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp boosted its position in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC boosted its position in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Andrew R. Jassy sold 21,925 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the transaction, the chief executive officer now owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $13,846,568. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock worth $8,405,887 in the last quarter. 12.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Truist Financial increased their price objective on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Moffett Nathanson dropped their target price on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research report on Monday, April 24th. Susquehanna raised their target price on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Tigress Financial reissued a “buy” rating and issued a $192.00 target price on shares of Amazon.com in a research report on Thursday, February 9th. Finally, Benchmark raised 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. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $115.00 on Friday. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.81, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The stock has a 50 day moving average price of $105.19 and a 200-day moving average price of $97.67. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57.

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

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.