Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 68,944 shares of the e-commerce giant's stock after selling 6,956 shares during the quarter. Amazon.com comprises approximately 3.5% of Bulltick Wealth Management LLC's holdings, making the stock its 4th largest holding. Bulltick Wealth Management LLC's holdings in Amazon.com were worth $15,126,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Cantor Fitzgerald L. P. boosted its holdings in Amazon.com by 84.4% in the 4th quarter. Cantor Fitzgerald L. P. now owns 39,734 shares of the e-commerce giant's stock worth $8,717,000 after acquiring an additional 18,182 shares during the period. Captrust Financial Advisors boosted its holdings in Amazon.com by 9.4% in the 4th quarter. Captrust Financial Advisors now owns 2,017,114 shares of the e-commerce giant's stock worth $442,535,000 after acquiring an additional 174,138 shares during the period. Cary Street Partners Financial LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $45,582,000. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $25,000. Finally, Caxton Associates LP boosted its holdings in Amazon.com by 58.1% in the 4th quarter. Caxton Associates LP now owns 2,425,184 shares of the e-commerce giant's stock worth $532,061,000 after acquiring an additional 891,401 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock valued at $20,018,625 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMZN. Royal Bank of Canada decreased their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. DA Davidson cut their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Oppenheimer cut their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Stifel Nicolaus cut their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Stock Performance

Shares of AMZN traded up $5.03 during trading hours on Tuesday, reaching $206.02. 34,776,251 shares of the company's stock traded hands, compared to its average volume of 41,992,480. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business's fifty day simple moving average is $190.38 and its two-hundred day simple moving average is $208.73.

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, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Analysts predict 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.