Amazon.com, Inc. (NASDAQ:AMZN) Stake Cut by J. L. Bainbridge & Co. Inc.

J. L. Bainbridge & Co. Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,561 shares of the e-commerce giant’s stock after selling 1,389 shares during the quarter. Amazon.com makes up about 4.6% of J. L. Bainbridge & Co. Inc.’s investment portfolio, making the stock its 5th largest position. J. L. Bainbridge & Co. Inc.’s holdings in Amazon.com were worth $45,579,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Altus Wealth Management LLC increased its stake in Amazon.com by 1.9% during the first quarter. Altus Wealth Management LLC now owns 3,298 shares of the e-commerce giant’s stock worth $627,000 after acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Amazon.com by 4.3% in the 1st quarter. Golden State Wealth Management LLC now owns 73,150 shares of the e-commerce giant’s stock valued at $13,918,000 after purchasing an additional 3,048 shares during the last quarter. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the 1st quarter worth $458,000. Westwind Capital increased its stake in shares of Amazon.com by 2.5% during the first quarter. Westwind Capital now owns 139,771 shares of the e-commerce giant’s stock worth $26,593,000 after acquiring an additional 3,355 shares during the period. Finally, Mendel Capital Management LLC lifted its stake in shares of Amazon.com by 1.8% during the first quarter. Mendel Capital Management LLC now owns 5,926 shares of the e-commerce giant’s stock valued at $1,128,000 after buying an additional 106 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business’s 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 completion of the transaction, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. The trade was a 0.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 733,195 shares of Amazon.com stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the transaction, the insider owned 894,546,706 shares of the company’s stock, valued at approximately $203,079,993,196.12. This represents a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 in the last three months. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMZN. Citizens Jmp assumed coverage on shares of Amazon.com in a research report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a report on Thursday, July 10th. Stifel Nicolaus reduced their target price on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Oppenheimer lifted their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $250.02.

Amazon.com Stock Performance

Shares of AMZN opened at $229.19 on Tuesday. 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 50-day simple moving average of $213.50 and a two-hundred day simple moving average of $208.51. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 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 firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current 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.