Amazon.com, Inc. (NASDAQ:AMZN) Stake Decreased by InTrack Investment Management Inc

InTrack Investment Management Inc trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,039 shares of the e-commerce giant’s stock after selling 2,617 shares during the quarter. Amazon.com comprises 1.9% of InTrack Investment Management Inc’s portfolio, making the stock its 13th largest holding. InTrack Investment Management Inc’s holdings in Amazon.com were worth $2,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com in the fourth quarter valued at $800,000. Capital & Planning LLC raised its position in Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after acquiring an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC raised its position in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after acquiring an additional 860 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $301,650,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred 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 of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s 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 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 disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last ninety days. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Up 2.4%

Shares of NASDAQ:AMZN opened at $217.12 on Friday. 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’s 50-day moving average is $201.25 and its 200-day moving average is $209.02. The company has a market cap of $2.31 trillion, a P/E ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on AMZN. Royal Bank Of Canada cut their target price on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. BNP Paribas upgraded Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley decreased their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Tigress Financial lifted their price target on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Four research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $245.64.

Amazon.com Company 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.