Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Proffitt & Goodson Inc.

Posted by Defense World Staff on Apr 6th, 2023

Proffitt & Goodson Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,216 shares of the e-commerce giant’s stock after selling 130 shares during the period. Proffitt & Goodson Inc.’s holdings in Amazon.com were worth $1,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp increased its holdings in Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after acquiring an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC increased its holdings in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after acquiring an additional 90,167,792 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Trading Down 2.7 %

Shares of AMZN stock opened at $101.10 on Thursday. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of -377.22, a price-to-earnings-growth ratio of 4.28 and a beta of 1.26. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $162.20. The firm’s 50 day moving average price is $98.31 and its two-hundred day moving average price is $98.96.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 1.33 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $102.25, for a total value of $409,000.00. Following the sale, the chief executive officer now directly owns 556,298 shares of the company’s stock, valued at $56,881,470.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were 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 directly owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,693 shares of company stock valued at $7,634,308. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Wolfe Research raised their target price on shares of Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. UBS Group raised their target price on shares of Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a report on Thursday, March 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, March 16th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.82.

Amazon.com Company 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.