Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 385,169 shares of the e-commerce giant’s stock after selling 13,176 shares during the period. Amazon.com makes up 4.3% of AMI Asset Management Corp’s portfolio, making the stock its 5th largest position. AMI Asset Management Corp’s holdings in Amazon.com were worth $73,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Tallon Kerry Patrick bought a new stake in Amazon.com in the 4th quarter valued at $800,000. Capital & Planning LLC lifted its position in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after buying an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC lifted its position in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC lifted its position in 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 worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Amazon.com during the 4th quarter worth about $301,650,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Citizens Jmp initiated coverage on shares of Amazon.com in a research report on Thursday, July 10th. They set a “strong-buy” rating on the stock. Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Wells Fargo & Company boosted their price target on shares of Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. DA Davidson cut their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, The Goldman Sachs Group cut 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 report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the 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 $4,211,799.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. 9.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $226.13 on Friday. The company has a market cap of $2.40 trillion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $213.50 and a 200-day moving average of $208.67. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.