Amazon.com, Inc. (NASDAQ:AMZN) Stake Lessened by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,425 shares of the e-commerce giant’s stock after selling 10,730 shares during the period. Amazon.com accounts for approximately 2.8% of Galvin Gaustad & Stein LLC’s portfolio, making the stock its 5th largest position. Galvin Gaustad & Stein LLC’s holdings in Amazon.com were worth $29,693,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Kavar Capital Partners Group LLC increased its stake in shares of Amazon.com by 7.6% during 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 purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd increased its position in Amazon.com by 21.8% during the 1st 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 in the last quarter. Ironwood Wealth Management LLC. increased its position in Amazon.com by 0.8% during the 1st 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 in the last quarter. Markel Corp raised its stake in Amazon.com by 0.6% during 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 last quarter. Finally, Leelyn Smith LLC boosted its holdings in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the transaction, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock worth $5,505,223,106 over the last quarter. Insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Susquehanna raised their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. UBS Group increased their price target on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Barclays increased their target price on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Monness Crespi & Hardt boosted their price target on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $197.95.

Amazon.com Price Performance

NASDAQ:AMZN opened at $179.83 on Thursday. The business’s 50-day simple moving average is $169.73 and its two-hundred day simple moving average is $151.07. Amazon.com, Inc. has a 52 week low of $96.29 and a 52 week high of $181.41. The stock has a market cap of $1.87 trillion, a PE ratio of 62.01, a P/E/G ratio of 1.57 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter last year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

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.