Roman Butler Fullerton & Co. Sells 3,717 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Roman Butler Fullerton & Co. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,261 shares of the e-commerce giant’s stock after selling 3,717 shares during the quarter. Amazon.com makes up about 3.6% of Roman Butler Fullerton & Co.’s portfolio, making the stock its 4th biggest holding. Roman Butler Fullerton & Co.’s holdings in Amazon.com were worth $9,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter valued at about $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the period. Compass Planning Associates Inc purchased a new stake in Amazon.com in the 4th quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Mizuho reduced their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Wedbush restated an “outperform” rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.60.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares of the company’s stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock valued at $757,297,707 over the last three months. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $223.13 on Friday. The stock has a 50 day moving average price of $206.44 and a 200 day moving average price of $208.62. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 1.68 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 quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm 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 24.14% and a net margin of 10.14%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.