Legacy CG LLC Sells 967 Shares of 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 filing with the SEC. The firm owned 54,678 shares of the e-commerce giant’s stock after selling 967 shares during the period. 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 reporting period.

Several other large investors have also made changes to their positions in the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $30,000. PayPay Securities Corp grew its stake in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in Amazon.com in the fourth quarter valued at about $43,000. Finally, Clarity Asset Management Inc. bought a new position in Amazon.com during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN traded up $1.34 during mid-day trading on Monday, reaching $180.96. The company had a trading volume of 53,954,343 shares, compared to its average volume of 42,970,363. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 62.40, a P/E/G ratio of 1.55 and a beta of 1.17. 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 company’s 50 day simple moving average is $178.22 and its 200 day simple moving average is $159.32. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Analysts expect that Amazon.com, Inc. will post 4.11 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets upped their target price on shares of Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Wells Fargo & Company lifted their price target on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Evercore ISI upped their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Wolfe Research lifted their target price on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $205.13.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was 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 directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com 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.