Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Family Legacy Inc.

Family Legacy Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,833 shares of the e-commerce giant’s stock after selling 389 shares during the period. Amazon.com makes up approximately 1.8% of Family Legacy Inc.’s holdings, making the stock its 18th biggest position. Family Legacy Inc.’s holdings in Amazon.com were worth $5,105,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc increased its stake 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. Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,442,187 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the completion of the sale, the insider owned 895,279,901 shares in the company, valued at approximately $202,234,776,836.89. The trade was a 0.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,602,037 shares of company stock valued at $3,044,172,641 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.3%

Shares of AMZN opened at $226.35 on Wednesday. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a 50-day moving average price of $211.52 and a two-hundred day moving average price of $208.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. Amazon.com’s revenue was up 8.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Wedbush reiterated an “outperform” rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Barclays dropped their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Citigroup restated a “market outperform” rating on shares of Amazon.com in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group dropped their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $249.42.

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.