AFS Financial Group LLC Sells 10,191 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

AFS Financial Group LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 80.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,399 shares of the e-commerce giant’s stock after selling 10,191 shares during the period. AFS Financial Group LLC’s holdings in Amazon.com were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of AMZN. State Street Corp lifted its stake in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 1,838.8% in the second 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 during the last quarter. FMR LLC lifted its stake in Amazon.com by 1,792.4% in the second 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 during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares during the last quarter. Finally, Norges Bank purchased a new position in Amazon.com in the fourth quarter valued at approximately $8,263,591,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.1 %

Shares of NASDAQ:AMZN opened at $181.28 on Thursday. The stock’s 50-day moving average price is $177.09 and its 200-day moving average price is $156.36. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

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

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the 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 owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMZN shares. Raymond James upped their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. UBS Group increased their target price on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird increased their target price on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their target price on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Wedbush restated an “outperform” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, April 10th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $202.80.

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.