Albion Financial Group UT Sells 2,202 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Albion Financial Group UT reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,339 shares of the e-commerce giant's stock after selling 2,202 shares during the period. Amazon.com makes up approximately 3.3% of Albion Financial Group UT's holdings, making the stock its 5th largest holding. Albion Financial Group UT's holdings in Amazon.com were worth $46,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. FMR LLC boosted its position in 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 last quarter. Geode Capital Management LLC boosted its position in 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 last quarter. Price T Rowe Associates Inc. MD boosted its position in 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 last quarter. Finally, Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at $27,266,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 25,102,037 shares of company stock worth $5,674,871,223. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Down 0.3%

Shares of NASDAQ AMZN traded down $0.79 during mid-day trading on Friday, reaching $231.44. 28,649,591 shares of the company traded hands, compared to its average volume of 40,402,120. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market cap of $2.46 trillion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company's fifty day moving average is $215.66 and its two-hundred day moving average is $208.82. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the firm posted $0.98 EPS. The company's revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Scotiabank increased their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. DA Davidson reduced their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Benchmark reissued a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $254.33.

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.