Legacy CG LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Legacy CG LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,678 shares of the e-commerce giant’s stock after selling 967 shares during the quarter. Amazon.com accounts for approximately 3.6% of Legacy CG LLC’s investment portfolio, making the stock its 8th largest holding. Legacy CG LLC’s holdings in Amazon.com were worth $9,863,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after buying an additional 13,134,632 shares during the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $17,700,551,000. Northern Trust Corp increased its position in shares of Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC raised its stake in Amazon.com by 2.5% in the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after acquiring an additional 1,389,503 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on 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 in the company, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. JMP Securities restated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, April 24th. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Susquehanna increased their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $205.13.

Amazon.com Trading Up 0.7 %

Shares of NASDAQ AMZN traded up $1.34 during mid-day trading on Monday, reaching $180.96. 53,954,343 shares of the company’s stock were exchanged, compared to its average volume of 42,970,363. The company’s 50-day moving average is $178.22 and its 200-day moving average is $159.32. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Analysts expect that Amazon.com, Inc. will post 4.11 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.