Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Aljian Capital Management LLC

Aljian Capital Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 233,179 shares of the e-commerce giant's stock after selling 9,107 shares during the period. Amazon.com comprises about 10.5% of Aljian Capital Management LLC's investment portfolio, making the stock its 3rd biggest holding. Aljian Capital Management LLC's holdings in Amazon.com were worth $44,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. Guardian Asset Advisors LLC raised its stake in Amazon.com by 3.1% during the first quarter. Guardian Asset Advisors LLC now owns 46,254 shares of the e-commerce giant's stock valued at $8,800,000 after buying an additional 1,383 shares in the last quarter. CFM Wealth Partners LLC increased its holdings in shares of Amazon.com by 2.4% in the 1st quarter. CFM Wealth Partners LLC now owns 105,340 shares of the e-commerce giant's stock valued at $20,042,000 after acquiring an additional 2,491 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Amazon.com by 1.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 25,568,086 shares of the e-commerce giant's stock valued at $4,864,584,000 after acquiring an additional 391,572 shares in the last quarter. Barnes Pettey Financial Advisors LLC lifted its stake in Amazon.com by 2.9% during the first quarter. Barnes Pettey Financial Advisors LLC now owns 3,894 shares of the e-commerce giant's stock worth $741,000 after purchasing an additional 109 shares during the last quarter. Finally, Altus Wealth Management LLC lifted its stake in Amazon.com by 1.9% during the first quarter. Altus Wealth Management LLC now owns 3,298 shares of the e-commerce giant's stock worth $627,000 after purchasing an additional 60 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 25,102,037 shares of company stock worth $5,674,871,223 in the last three months. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMZN shares. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC raised their price objective on Amazon.com from $220.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Scotiabank raised their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a research note on Tuesday. Finally, HSBC raised their price objective on Amazon.com from $240.00 to $256.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $254.33.

Amazon.com Stock Performance

AMZN traded down $0.79 on Friday, hitting $231.44. The company had a trading volume of 28,649,591 shares, compared to its average volume of 40,402,120. The company's fifty day moving average price is $215.66 and its 200 day moving average price is $208.82. 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 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the company earned $0.98 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.