Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,249 shares of the e-commerce giant’s stock after selling 8,182 shares during the period. Amazon.com accounts for about 0.9% of Robertson Stephens Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Robertson Stephens Wealth Management LLC’s holdings in Amazon.com were worth $26,874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in AMZN. Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. GAMMA Investing LLC grew its position in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors increased its stake in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Moffett Nathanson raised their target price on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Jefferies Financial Group lowered their price target on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Finally, Scotiabank dropped their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.60.

Insider Activity

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president owned 119,780 shares of the company’s stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. Insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $223.13 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock’s 50-day moving average is $206.44 and its two-hundred day moving average is $208.70. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

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

About Amazon.com

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.