Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,686,621 shares of the e-commerce giant’s stock after selling 439,886 shares during the period. Amazon.com makes up about 3.8% of Artemis Investment Management LLP’s portfolio, making the stock its 2nd largest holding. Artemis Investment Management LLP’s holdings in Amazon.com were worth $304,098,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Robertson Stephens Wealth Management LLC grew its stake in Amazon.com by 3.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 129,154 shares of the e-commerce giant’s stock worth $16,418,000 after buying an additional 4,113 shares in the last quarter. Alterna Wealth Management Inc. boosted its position in shares of Amazon.com by 0.8% during the 3rd quarter. Alterna Wealth Management Inc. now owns 12,049 shares of the e-commerce giant’s stock worth $1,532,000 after acquiring an additional 95 shares in the last quarter. WestHill Financial Advisors Inc. increased its stake in Amazon.com by 11.7% in the third quarter. WestHill Financial Advisors Inc. now owns 11,701 shares of the e-commerce giant’s stock valued at $1,487,000 after acquiring an additional 1,229 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in Amazon.com by 3.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 3,392 shares of the e-commerce giant’s stock valued at $431,000 after acquiring an additional 99 shares during the last quarter. Finally, Aigen Investment Management LP raised its position in Amazon.com by 48.4% during the third quarter. Aigen Investment Management LP now owns 17,525 shares of the e-commerce giant’s stock valued at $2,228,000 after purchasing an additional 5,718 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $197.59 on Thursday. The stock’s 50 day moving average price is $184.68 and its two-hundred day moving average price is $173.98. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a PEG ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.43.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Wells Fargo & Company lifted their target price on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Bank of America boosted their target price on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average target price of $215.86.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The disclosure for this sale can be found here. Insiders have sold 69,548 shares of company stock valued at $12,774,204 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

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.