NTV Asset Management LLC Sells 426 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

NTV Asset Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,814 shares of the e-commerce giant’s stock after selling 426 shares during the quarter. NTV Asset Management LLC’s holdings in Amazon.com were worth $1,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares in the last quarter. State Street Corp increased its holdings in Amazon.com by 1.0% during the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC increased its holdings in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the period. Institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders have sold a total of 75,144 shares of company stock valued at $8,405,887 over the last 90 days. 12.30% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN opened at $115.00 on Friday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The firm has a market capitalization of $1.18 trillion, a PE ratio of 273.81, a PEG ratio of 4.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The business’s 50-day simple moving average is $105.19 and its 200 day simple moving average is $97.67.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a research note on Wednesday, April 12th. StockNews.com initiated coverage on Amazon.com in a research note on Thursday, May 18th. They issued a “hold” rating for the company. UBS Group lifted their target price on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Wells Fargo & Company lowered their target price on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Finally, Mizuho lifted their price objective on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.