Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Professional Financial Advisors LLC

Professional Financial Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,118 shares of the e-commerce giant’s stock after selling 369 shares during the quarter. Professional Financial Advisors LLC’s holdings in Amazon.com were worth $1,925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its position in Amazon.com by 56.6% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,229 shares of the e-commerce giant’s stock worth $424,000 after purchasing an additional 806 shares in the last quarter. Lazari Capital Management Inc. grew its holdings in Amazon.com by 0.6% in the 1st quarter. Lazari Capital Management Inc. now owns 80,749 shares of the e-commerce giant’s stock valued at $15,363,000 after buying an additional 516 shares during the period. Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter valued at about $42,000. Palisade Asset Management LLC grew its holdings in Amazon.com by 8.0% in the 1st quarter. Palisade Asset Management LLC now owns 4,612 shares of the e-commerce giant’s stock valued at $877,000 after buying an additional 341 shares during the period. Finally, AssuredPartners Investment Advisors LLC grew its holdings in Amazon.com by 1.2% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 19,027 shares of the e-commerce giant’s stock valued at $3,620,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider directly owned 905,679,901 shares of the company’s stock, valued at $200,535,643,679.42. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Raymond James Financial restated an “outperform” rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Westpark Capital restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Cantor Fitzgerald lifted their price target on Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Roth Capital set a $250.00 price target on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $249.42.

Amazon.com Trading Up 0.3%

NASDAQ:AMZN opened at $225.69 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.69 and a beta of 1.33. The business has a fifty day moving average of $210.69 and a 200-day moving average of $208.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

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 business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.