Amazon.com, Inc. $AMZN Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,977 shares of the e-commerce giant’s stock after selling 149 shares during the period. Gallacher Capital Management LLC’s holdings in Amazon.com were worth $376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC raised its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its holdings in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,266,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.2%

Shares of NASDAQ AMZN opened at $231.49 on Tuesday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a market cap of $2.47 trillion, a PE ratio of 35.29, a P/E/G ratio of 1.56 and a beta of 1.31. 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 company has a 50-day moving average of $221.70 and a two-hundred day moving average of $208.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. Raymond James Financial restated an “outperform” rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. UBS Group restated a “buy” rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Bank of America boosted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Evercore ISI restated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Jefferies Financial Group upped their price objective on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. One 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. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $262.87.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’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 completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 10.80% of the stock is currently owned by insiders.

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.