Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by CarsonAllaria Wealth Management Ltd.

CarsonAllaria Wealth Management Ltd. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,303 shares of the e-commerce giant’s stock after selling 64 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Amazon.com were worth $628,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter valued at $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter valued at $40,000. Finally, Perritt Capital Management Inc increased its stake in 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 purchasing an additional 80 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 25,102,037 shares of company stock worth $5,674,871,223 over the last ninety days. 9.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMZN shares. Scotiabank boosted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. DA Davidson reduced their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley boosted their price target on shares of Amazon.com from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Barclays reduced their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, July 10th. Three equities 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.33.

Amazon.com Stock Down 0.3%

Shares of NASDAQ AMZN opened at $231.44 on Friday. The firm’s 50-day moving average is $215.66 and its two-hundred day moving average is $208.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.46 trillion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released 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. 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 prior year, the business earned $0.98 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.