Sebold Capital Management Inc. Sells 282 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sebold Capital Management Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,568 shares of the e-commerce giant’s stock after selling 282 shares during the period. Sebold Capital Management Inc.’s holdings in Amazon.com were worth $679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the 4th quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter valued at about $35,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc increased its stake 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 buying an additional 80 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. HSBC boosted their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Oppenheimer raised their target price on Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Finally, Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Three investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.71.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’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 transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 25,102,037 shares of company stock worth $5,674,871,223. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.6%

NASDAQ AMZN opened at $232.79 on Tuesday. The company has a 50 day moving average price of $216.19 and a 200 day moving average price of $208.82. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market cap of $2.47 trillion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $154.96 billion. During the same period last year, the business earned $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast 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.