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

Patron Partners LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,510 shares of the e-commerce giant’s stock after selling 2,811 shares during the quarter. Amazon.com makes up approximately 2.7% of Patron Partners LLC’s investment portfolio, making the stock its 5th largest position. Patron Partners LLC’s holdings in Amazon.com were worth $5,044,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Amazon.com in the 4th quarter valued at $27,266,582,000. GAMMA Investing LLC lifted its position in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after buying an additional 30,104,520 shares in the last quarter. Capital World Investors lifted its position in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $229.19 on Tuesday. The stock has a fifty day moving average of $213.50 and a 200-day moving average of $208.51. The company has a market capitalization of $2.43 trillion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. 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.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating 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 company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

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 SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com 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 transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Citizens Jmp assumed coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Wells Fargo & Company raised their price target on shares of Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Finally, Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday. Three equities research 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 MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $250.02.

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.