Tillman Hartley LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,853 shares of the e-commerce giant’s stock after selling 297 shares during the quarter. Tillman Hartley LLC’s holdings in Amazon.com were worth $708,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of AMZN. USAdvisors Wealth Management LLC increased its holdings in shares of Amazon.com by 12.5% during the 4th quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after purchasing an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at $426,000. Veritas Asset Management LLP increased its holdings in Amazon.com by 19.6% in the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after buying an additional 1,286,797 shares in the last quarter. Mayfair Advisory Group LLC raised its position in shares of Amazon.com by 12.0% in the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock worth $468,000 after acquiring an additional 488 shares during the period. Finally, Little House Capital LLC boosted its stake in shares of Amazon.com by 6.3% during the 1st quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock worth $3,919,000 after acquiring an additional 2,251 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now owns 151,780 shares in the company, valued at $18,983,124.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the sale, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,361,829 shares of company stock worth $48,444,937. 12.70% of the stock is currently owned by corporate insiders.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. Analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have commented on the company. Piper Sandler raised their price objective on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Citigroup boosted their price target on shares of Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a report on Friday, August 4th. Loop Capital boosted their target price on shares of Amazon.com from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Canaccord Genuity Group raised their price target on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.87.
View Our Latest Analysis on Amazon.com
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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