Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,317 shares of the e-commerce giant’s stock after selling 3,223 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Amazon.com were worth $1,392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the 4th quarter worth about $35,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $232.23 on Friday. The firm’s fifty day moving average price is $215.14 and its two-hundred day moving average price is $208.84. The stock has a market cap of $2.47 trillion, a PE ratio of 37.82, a PEG ratio of 1.70 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two 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.

Amazon.com (NASDAQ:AMZN) last announced its 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. The firm 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 business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMZN shares. Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. HSBC increased their price target on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday. Bank of America lifted their price objective on shares of Amazon.com from $248.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday. Rosenblatt Securities increased 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. Finally, The Goldman Sachs Group decreased their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $254.33.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,339,470 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $229.39, for a total value of $536,651,023.30. Following the completion of the transaction, the insider owned 887,933,999 shares in the company, valued at approximately $203,683,180,030.61. The trade was a 0.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,947,939 shares of company stock worth $4,720,588,785. Insiders own 9.70% of the company’s stock.

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.