Cahill Financial Advisors Inc. Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Cahill Financial Advisors Inc. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,318 shares of the e-commerce giant’s stock after selling 1,678 shares during the period. Cahill Financial Advisors Inc.’s holdings in Amazon.com were worth $2,483,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $25,000. Accordant Advisory Group Inc raised its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Finally, Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. Morgan Stanley decreased their price objective on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Raymond James reissued an “outperform” rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Mizuho decreased their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president now owns 47,030 shares of the company’s stock, valued at $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,749 shares of company stock worth $24,197,235. 9.70% of the stock is owned by insiders.

Amazon.com Trading Down 1.0%

AMZN opened at $200.99 on Friday. The stock has a market cap of $2.13 trillion, a PE ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $190.05 and a 200-day moving average of $208.80. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.