Boyd Watterson Asset Management LLC OH Sells 130 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Boyd Watterson Asset Management LLC OH lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,954 shares of the e-commerce giant’s stock after selling 130 shares during the quarter. Amazon.com accounts for 1.5% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 15th biggest position. Boyd Watterson Asset Management LLC OH’s holdings in Amazon.com were worth $3,792,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Amazon.com by 4.4% in the third 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 last quarter. International Assets Investment Management LLC grew its position in shares of Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC increased its stake in shares of Amazon.com by 7.7% during the third 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. Jennison Associates LLC raised its holdings in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Amazon.com in the third quarter worth $610,138,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $183.63 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The business’s fifty day moving average is $181.16 and its 200 day moving average is $164.13. The company has a market capitalization of $1.91 trillion, a PE ratio of 51.44, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $113.78 and a fifty-two week high of $191.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Piper Sandler lifted their price objective on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. UBS Group increased their target price on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Monness Crespi & Hardt upped their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $211.62.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders sold a total of 2,132,396 shares of company stock worth $356,770,280 over the last three months. 10.80% of the stock is currently owned by company insiders.

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.