Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Poehling Capital Management INC.

Poehling Capital Management INC. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,479 shares of the e-commerce giant’s stock after selling 74 shares during the quarter. Amazon.com makes up about 1.6% of Poehling Capital Management INC.’s investment portfolio, making the stock its 16th largest holding. Poehling Capital Management INC.’s holdings in Amazon.com were worth $6,179,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter valued at $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMZN shares. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Evercore ISI cut their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a research note on Monday, July 28th. Wedbush lifted their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Westpark Capital restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $262.45.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was 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 in the company, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,101,037 shares of company stock worth $5,674,726,368 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $221.30 on Tuesday. The business has a fifty day simple moving average of $219.94 and a 200 day simple moving average of $208.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. Sell-side 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.