Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Rosenbaum Jay D.

Posted by Defense World Staff on Feb 28th, 2023

Rosenbaum Jay D. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,112 shares of the e-commerce giant’s stock after selling 1,668 shares during the period. Amazon.com accounts for about 4.5% of Rosenbaum Jay D.’s portfolio, making the stock its 3rd biggest holding. Rosenbaum Jay D.’s holdings in Amazon.com were worth $1,934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Kavar Capital Partners Group LLC increased its stake in shares of Amazon.com by 7.6% in 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 period. IFM Investors Pty Ltd increased its stake in shares of Amazon.com by 21.8% in 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 period. Ironwood Wealth Management LLC. increased its stake in shares of Amazon.com by 0.8% in 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 period. Markel Corp increased its stake in shares of Amazon.com by 0.6% in 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 period. Finally, Leelyn Smith LLC increased its stake in shares of Amazon.com by 24.8% in 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 period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $93.76 on Tuesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The business has a fifty day moving average price of $94.28 and a 200-day moving average price of $105.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market capitalization of $960.78 billion, a P/E ratio of -349.84, a PEG ratio of 3.85 and a beta of 1.22.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,394 shares of company stock valued at $6,619,426. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMZN shares. JPMorgan Chase & Co. increased their price target on Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Susquehanna upped their target price on Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. MKM Partners cut their target price on Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. Cowen upped their target price on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Finally, Barclays upped their target price on Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Profile

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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.