Amazon.com, Inc. (NASDAQ:AMZN) Holdings Reduced by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the 1st quarter, Holdings Channel reports. The firm owned 1,390,789 shares of the e-commerce giant’s stock after selling 41,152 shares during the period. Amazon.com accounts for approximately 5.9% of Union Bancaire Privee UBP SA’s holdings, making the stock its 2nd biggest position. Union Bancaire Privee UBP SA’s holdings in Amazon.com were worth $258,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Bellecapital International Ltd. grew its holdings in Amazon.com by 9.3% during the first quarter. Bellecapital International Ltd. now owns 60,491 shares of the e-commerce giant’s stock valued at $11,509,000 after purchasing an additional 5,161 shares during the period. Mogy Joel R Investment Counsel Inc. lifted its stake in Amazon.com by 0.7% in the 1st quarter. Mogy Joel R Investment Counsel Inc. now owns 347,778 shares of the e-commerce giant’s stock worth $66,168,000 after purchasing an additional 2,298 shares in the last quarter. Sterling Financial Group Inc. grew its holdings in Amazon.com by 27.6% during the 1st quarter. Sterling Financial Group Inc. now owns 9,919 shares of the e-commerce giant’s stock valued at $1,887,000 after buying an additional 2,146 shares in the last quarter. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 256.8% in the first quarter. Accordant Advisory Group Inc now owns 446 shares of the e-commerce giant’s stock valued at $85,000 after purchasing an additional 321 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its holdings in shares of Amazon.com by 2.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 610,329 shares of the e-commerce giant’s stock worth $116,121,000 after buying an additional 15,262 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company’s stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citizens Jmp reduced their target price on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Piper Sandler reissued an “overweight” rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Morgan Stanley decreased their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Scotiabank lowered their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Four analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $245.81.

Amazon.com Stock Performance

NASDAQ AMZN opened at $223.30 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a 50-day simple moving average of $202.26 and a two-hundred day simple moving average of $209.01. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.64 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.