Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Spouting Rock Asset Management LLC

Spouting Rock Asset Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,250 shares of the e-commerce giant's stock after selling 27,411 shares during the period. Amazon.com makes up approximately 8.2% of Spouting Rock Asset Management LLC's holdings, making the stock its biggest holding. Spouting Rock Asset Management LLC's holdings in Amazon.com were worth $22,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Amazon.com in the 4th quarter worth $17,700,551,000. Vanguard Group Inc. grew its position in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant's stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC raised its stake in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant's stock valued at $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Amazon.com in the third quarter worth about $610,138,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.1 %

AMZN traded down $0.17 on Friday, reaching $183.66. 25,432,857 shares of the company's stock were exchanged, compared to its average volume of 41,922,309. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 51.45, a PEG ratio of 1.34 and a beta of 1.14. 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 twelve month low of $118.35 and a twelve month high of $191.70. The company's 50 day moving average is $182.92 and its 200-day moving average is $170.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the firm posted $0.31 EPS. The business's revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Shelley Reynolds sold 2,700 shares of the firm's 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 sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the sale, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold a total of 65,838 shares of company stock worth $11,984,344 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Oppenheimer boosted their price target on Amazon.com from $210.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a "buy" rating on the stock in a research note on Wednesday, May 1st. Piper Sandler lifted their price target on Amazon.com from $205.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a "buy" rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15th. Finally, BMO Capital Markets boosted their price objective on Amazon.com from $215.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus target price of $213.82.

About Amazon.com

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.