Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,508 shares of the e-commerce giant's stock after selling 2,271 shares during the period. Amazon.com makes up about 4.3% of Beech Hill Advisors Inc.'s investment portfolio, making the stock its largest holding. Beech Hill Advisors Inc.'s holdings in Amazon.com were worth $10,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the first quarter worth $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com during the first quarter valued at $42,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated 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 sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. Rosenblatt Securities upped their target price 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. Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, July 10th. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, JMP Securities lifted their price objective on Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research report on Thursday, July 10th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $250.35.

Amazon.com Trading Up 1.0%

Shares of NASDAQ AMZN traded up $2.25 during mid-day trading on Friday, reaching $226.13. The company had a trading volume of 37,691,170 shares, compared to its average volume of 41,988,670. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business's 50-day moving average is $213.50 and its 200-day moving average is $208.67. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. 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 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.