Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Community Financial Services Group LLC

Community Financial Services Group LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,429 shares of the e-commerce giant’s stock after selling 4,732 shares during the quarter. Amazon.com accounts for 2.7% of Community Financial Services Group LLC’s holdings, making the stock its 7th biggest position. Community Financial Services Group LLC’s holdings in Amazon.com were worth $12,258,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter valued at $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was 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. In the last 90 days, insiders sold 13,602,037 shares of company stock valued at $3,044,172,641. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Tigress Financial increased their price target on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Morgan Stanley raised their target price on Amazon.com from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Evercore ISI decreased their price objective on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on Amazon.com from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Three investment 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $249.42.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $226.35 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. 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 cap of $2.40 trillion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The stock has a 50 day moving average price of $211.52 and a 200-day moving average price of $208.50.

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, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for 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 revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.