Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by IMZ Advisory Inc

IMZ Advisory Inc trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,870 shares of the e-commerce giant’s stock after selling 173 shares during the period. Amazon.com accounts for approximately 0.6% of IMZ Advisory Inc’s investment portfolio, making the stock its 17th biggest holding. IMZ Advisory Inc’s holdings in Amazon.com were worth $1,307,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth about $749,000. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth about $12,014,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after acquiring an additional 2,196,353 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, 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 value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of AMZN opened at $212.10 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market cap of $2.25 trillion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a fifty day moving average price of $195.47 and a 200 day moving average price of $209.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. Evercore ISI lowered their target price on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company decreased their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Citizens Jmp decreased their price target on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. JMP Securities reaffirmed a “market outperform” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $244.89.

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.