Amazon.com, Inc. (NASDAQ:AMZN) is Legacy CG LLC's 10th Largest Position

Legacy CG LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,396 shares of the e-commerce giant's stock after selling 1,322 shares during the quarter. Amazon.com makes up about 3.5% of Legacy CG LLC's portfolio, making the stock its 10th biggest holding. Legacy CG LLC's holdings in Amazon.com were worth $11,495,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMZN. AMF Tjanstepension AB grew its holdings in Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after purchasing an additional 811,425 shares during the period. Smith Anglin Financial LLC lifted its position in shares of Amazon.com by 4.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 43,557 shares of the e-commerce giant's stock valued at $8,116,000 after buying an additional 1,891 shares in the last quarter. Boston Standard Wealth Management LLC grew its stake in Amazon.com by 12.7% in the 3rd quarter. Boston Standard Wealth Management LLC now owns 1,204 shares of the e-commerce giant's stock valued at $224,000 after acquiring an additional 136 shares during the period. Chemistry Wealth Management LLC increased its holdings in Amazon.com by 1.1% in the 3rd quarter. Chemistry Wealth Management LLC now owns 46,695 shares of the e-commerce giant's stock worth $8,701,000 after acquiring an additional 503 shares in the last quarter. Finally, Eagle Rock Investment Company LLC raised its position in Amazon.com by 1.1% during the third quarter. Eagle Rock Investment Company LLC now owns 30,824 shares of the e-commerce giant's stock worth $5,743,000 after acquiring an additional 343 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. DA Davidson boosted their target price on Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Sanford C. Bernstein lifted their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Finally, Needham & Company LLC restated a "buy" rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $260.65.

Amazon.com Stock Performance

NASDAQ AMZN traded down $7.66 during trading on Thursday, reaching $200.70. The company's stock had a trading volume of 49,660,564 shares, compared to its average volume of 37,869,711. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 1.50 and a beta of 1.19. The business's fifty day moving average price is $224.60 and its 200-day moving average price is $206.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 5,848 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares of the company's stock, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,649 shares of company stock worth $23,871,905 in the last three months. Insiders own 10.80% of the company's stock.

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.