Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Eastover Investment Advisors LLC

Eastover Investment Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,842 shares of the e-commerce giant’s stock after selling 995 shares during the period. Amazon.com makes up about 4.2% of Eastover Investment Advisors LLC’s holdings, making the stock its 6th biggest holding. Eastover Investment Advisors LLC’s holdings in Amazon.com were worth $8,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cable Hill Partners LLC raised its stake in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after purchasing an additional 44 shares in the last quarter. Quattro Financial Advisors LLC increased its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the period. Northern Capital Management Inc. increased its holdings in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management increased its holdings in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares during the period. Finally, Balanced Wealth Group LLC increased its holdings in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after buying an additional 48 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMZN shares. DA Davidson decreased their target price on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Benchmark reissued a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Barclays decreased their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Finally, Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Stock Up 0.3%

Amazon.com stock opened at $217.61 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a 50 day moving average price of $193.04 and a two-hundred day moving average price of $209.02. The firm has a market cap of $2.31 trillion, a price-to-earnings ratio of 39.35, a PEG ratio of 1.50 and a beta of 1.33.

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

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last quarter. 9.70% of the stock is owned by corporate insiders.

About Amazon.com

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.