Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Brighton Jones LLC

Brighton Jones LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,924,173 shares of the e-commerce giant's stock after selling 111,918 shares during the quarter. Amazon.com makes up 23.9% of Brighton Jones LLC's investment portfolio, making the stock its biggest holding. Brighton Jones LLC's holdings in Amazon.com were worth $746,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during 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 period. Finally, Compass Planning Associates Inc bought a new position in Amazon.com in the fourth quarter worth approximately $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AMZN shares. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Wedbush reiterated an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $246.23.

Insider Activity

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the sale, the chief executive officer directly owned 517,050 shares in the company, valued at $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,424,463 shares of company stock worth $756,747,557. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of AMZN stock traded down $0.54 on Wednesday, reaching $219.92. 30,814,701 shares of the company were exchanged, compared to its average volume of 42,036,639. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 1.65 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a 50-day moving average price of $204.25 and a 200 day moving average price of $208.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 analysts' expectations of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts forecast 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.