Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Skyline Advisors Inc.

Skyline Advisors Inc. lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,706 shares of the e-commerce giant’s stock after selling 92 shares during the quarter. Skyline Advisors Inc.’s holdings in Amazon.com were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC raised its position in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares during the last quarter. Bearing Point Capital LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $12,014,000. Evergreen Capital Management LLC boosted its holdings 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 purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 purchasing an additional 2,196,353 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Rosenblatt Securities raised their target price on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Morgan Stanley decreased their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. BNP Paribas raised Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Finally, Raymond James Financial reissued an “outperform” rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.64.

Amazon.com Stock Up 2.4%

Amazon.com stock opened at $217.12 on Friday. The stock has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.60 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $201.25 and a two-hundred day moving average of $209.02. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month 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 for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s 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 sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last three months. Corporate insiders own 9.70% of the company’s stock.

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.