Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,082 shares of the e-commerce giant’s stock after selling 367 shares during the quarter. Amazon.com accounts for about 2.4% of Tranquility Partners LLC’s portfolio, making the stock its 5th largest position. Tranquility Partners LLC’s holdings in Amazon.com were worth $6,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Wealth Management LLC lifted its stake in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter worth about $749,000. Segall Bryant & Hamill LLC increased its holdings in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after buying an additional 39,696 shares in the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC lifted its holdings in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $226.13 on Friday. The firm has a market cap of $2.40 trillion, a PE ratio of 36.83, 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. The business has a fifty day simple moving average of $213.50 and a 200-day simple moving average of $208.59. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its 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 company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the sale, the insider directly owned 894,546,706 shares of the company’s stock, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JMP Securities raised their price objective on Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. UBS Group reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.35.

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.