Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by Wright Investors Service Inc.

Wright Investors Service Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 53,451 shares of the e-commerce giant’s stock after selling 2,695 shares during the quarter. Amazon.com accounts for 2.3% of Wright Investors Service Inc.’s investment portfolio, making the stock its 8th largest position. Wright Investors Service Inc.’s holdings in Amazon.com were worth $8,121,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Members Trust Co increased its stake in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after buying an additional 341 shares during the period. Cherrydale Wealth Management LLC lifted its position in Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp grew its stake in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Nicholas Company Inc. increased its holdings in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $188.76 on Wednesday. The business’s 50-day moving average is $179.60 and its 200-day moving average is $161.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.87, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $104.70 and a fifty-two week high of $189.94.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the transaction, the insider now owns 970,255,270 shares in the company, valued at $168,174,345,949.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,197,961 shares of company stock valued at $4,482,244,357. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Oppenheimer upped their target price on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Telsey Advisory Group lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Argus boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $211.62.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.