Threadgill Financial LLC Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Threadgill Financial LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,607 shares of the e-commerce giant’s stock after selling 61 shares during the quarter. Amazon.com accounts for 4.9% of Threadgill Financial LLC’s holdings, making the stock its 5th biggest position. Threadgill Financial LLC’s holdings in Amazon.com were worth $9,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of AMZN. Kure Advisory LLC acquired a new position in Amazon.com during the first quarter valued at approximately $355,000. Leibman Financial Services Inc. increased its position in shares of Amazon.com by 1.7% during the 1st quarter. Leibman Financial Services Inc. now owns 11,847 shares of the e-commerce giant’s stock worth $2,254,000 after purchasing an additional 198 shares during the last quarter. Bank & Trust Co raised its stake in shares of Amazon.com by 0.9% during the 1st quarter. Bank & Trust Co now owns 7,175 shares of the e-commerce giant’s stock worth $1,365,000 after purchasing an additional 62 shares in the last quarter. RFG Advisory LLC boosted its holdings in shares of Amazon.com by 11.0% in the 1st quarter. RFG Advisory LLC now owns 120,976 shares of the e-commerce giant’s stock valued at $23,017,000 after buying an additional 11,993 shares during the last quarter. Finally, Capital Asset Advisory Services LLC grew its stake in shares of Amazon.com by 9.8% in the first quarter. Capital Asset Advisory Services LLC now owns 81,500 shares of the e-commerce giant’s stock valued at $15,975,000 after buying an additional 7,262 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. Scotiabank dropped their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Benchmark reiterated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Finally, Mizuho dropped their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $244.89.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares in the company, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $212.10 on Friday. The firm’s 50 day moving average price is $195.47 and its 200 day moving average price is $209.18. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market cap of $2.25 trillion, a P/E ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, research analysts forecast 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.