Macroview Investment Management LLC Has $169,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Macroview Investment Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,115 shares of the e-commerce giant’s stock after selling 79 shares during the period. Macroview Investment Management LLC’s holdings in Amazon.com were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. LS Investment Advisors LLC raised its position in Amazon.com by 91.9% in the third quarter. LS Investment Advisors LLC now owns 8,759 shares of the e-commerce giant’s stock worth $1,113,000 after purchasing an additional 4,195 shares in the last quarter. Clarity Financial LLC raised its holdings in shares of Amazon.com by 89.4% in the 3rd quarter. Clarity Financial LLC now owns 95,974 shares of the e-commerce giant’s stock worth $12,200,000 after buying an additional 45,290 shares in the last quarter. Secure Asset Management LLC lifted its position in shares of Amazon.com by 32.8% during the 3rd quarter. Secure Asset Management LLC now owns 35,976 shares of the e-commerce giant’s stock worth $4,573,000 after buying an additional 8,893 shares during the period. Oak Thistle LLC boosted its stake in Amazon.com by 252.3% in the 3rd quarter. Oak Thistle LLC now owns 9,802 shares of the e-commerce giant’s stock valued at $1,246,000 after buying an additional 7,020 shares in the last quarter. Finally, Next Capital Management LLC grew its position in Amazon.com by 82.0% in the third quarter. Next Capital Management LLC now owns 154,128 shares of the e-commerce giant’s stock valued at $19,593,000 after acquiring an additional 69,427 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Robert W. Baird raised their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment 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 stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $211.07.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ:AMZN opened at $186.21 on Monday. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.38 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $103.31 and a 12 month high of $189.77. The company’s fifty day simple moving average is $179.02 and its 200 day simple moving average is $160.75. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during 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 company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

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.