Bard Financial Services Inc. Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bard Financial Services Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,415 shares of the e-commerce giant’s stock after selling 3,275 shares during the quarter. Amazon.com accounts for approximately 1.2% of Bard Financial Services Inc.’s holdings, making the stock its 19th biggest holding. Bard Financial Services Inc.’s holdings in Amazon.com were worth $9,972,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc increased its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last quarter. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN opened at $211.99 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 34.53, a P/E/G ratio of 1.60 and a beta of 1.33. The company’s 50-day simple moving average is $200.35 and its two-hundred day simple moving average is $209.09. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on AMZN shares. Scotiabank decreased their target price on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 21st. Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Citizens Jmp decreased their target price 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. Stifel Nicolaus reduced their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada reduced their price objective on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $245.64.

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.