Carson Advisory Inc. Sells 1,961 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Carson Advisory Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,641 shares of the e-commerce giant's stock after selling 1,961 shares during the quarter. Carson Advisory Inc.'s holdings in Amazon.com were worth $1,018,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Sassicaia Capital Advisers LLC purchased a new stake in shares of Amazon.com in the third quarter valued at about $279,000. Howard Capital Management Group LLC increased its position in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares during the last quarter. Principal Financial Group Inc. raised its stake in Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after acquiring an additional 984,570 shares during the period. Arete Wealth Advisors LLC bought a new position in Amazon.com in the 3rd quarter worth approximately $14,648,000. Finally, Atreides Management LP grew its position in shares of Amazon.com by 18.8% in the third quarter. Atreides Management LP now owns 931,107 shares of the e-commerce giant's stock valued at $173,493,000 after purchasing an additional 147,513 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Rosenblatt Securities lifted their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Bank of America lowered their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 0.5 %

Shares of NASDAQ:AMZN traded up $0.98 during trading hours on Friday, reaching $193.06. The stock had a trading volume of 29,609,499 shares, compared to its average volume of 41,721,953. The firm's 50 day moving average is $188.50 and its 200-day moving average is $207.95. The stock has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. 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 announced its quarterly earnings data 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. The company had revenue of $155.67 billion during 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock valued at $23,818,478 in the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Company 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.