Overbrook Management Corp Sells 4,165 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Overbrook Management Corp cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,591 shares of the e-commerce giant’s stock after selling 4,165 shares during the period. Amazon.com accounts for 6.0% of Overbrook Management Corp’s holdings, making the stock its 3rd biggest position. Overbrook Management Corp’s holdings in Amazon.com were worth $25,607,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC increased its stake in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares during the last quarter. Northern Capital Management Inc. increased its position in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. Balanced Wealth Group LLC increased its position in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after purchasing an additional 48 shares in the last quarter. ETF Store Inc. grew its position in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after acquiring an additional 48 shares in the last quarter. Finally, TD Capital Management LLC grew its position in Amazon.com by 1.6% in the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant’s stock valued at $671,000 after acquiring an additional 49 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business’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 transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 733,195 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction 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 trade represents a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,335,232 shares of company stock worth $3,210,622,570 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.4%

Shares of AMZN stock opened at $229.19 on Tuesday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week 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. The firm has a market capitalization of $2.43 trillion, a PE ratio of 37.33, a PEG ratio of 1.69 and a beta of 1.33. The stock has a fifty day simple moving average of $213.50 and a two-hundred day simple moving average of $208.51.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Scotiabank lowered their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Jefferies Financial Group raised their price target on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Finally, Westpark Capital reissued a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price 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.