Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Integrity Financial Corp WA

Integrity Financial Corp WA trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,795 shares of the e-commerce giant's stock after selling 1,539 shares during the quarter. Amazon.com makes up approximately 1.1% of Integrity Financial Corp WA's holdings, making the stock its 17th largest position. Integrity Financial Corp WA's holdings in Amazon.com were worth $1,930,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in AMZN. Heritage Trust Co bought a new position in Amazon.com in the 4th quarter worth approximately $11,050,000. Seneschal Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $5,536,000. Tandem Wealth Advisors LLC raised its position in Amazon.com by 4.5% during the fourth quarter. Tandem Wealth Advisors LLC now owns 5,846 shares of the e-commerce giant's stock valued at $1,283,000 after buying an additional 253 shares during the period. Jaffetilchin Investment Partners LLC grew its position in Amazon.com by 3.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 150,546 shares of the e-commerce giant's stock valued at $33,028,000 after purchasing an additional 5,244 shares in the last quarter. Finally, Eley Financial Management Inc raised its holdings in shares of Amazon.com by 1.2% during the fourth quarter. Eley Financial Management Inc now owns 26,853 shares of the e-commerce giant's stock worth $5,891,000 after acquiring an additional 330 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AMZN shares. Loop Capital upped their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Cantor Fitzgerald boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now owns 506,974 shares of the company's stock, valued at $96,664,732.58. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is owned by corporate insiders.

Amazon.com Trading Up 1.8 %

Amazon.com stock opened at $192.08 on Friday. The stock has a 50-day simple moving average of $188.71 and a 200 day simple moving average of $207.77. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market capitalization of $2.04 trillion, a P/E ratio of 34.73, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.