Amazon.com, Inc. (NASDAQ:AMZN) is Cavalier Investments LLC's 3rd Largest Position

Cavalier Investments LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 39.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,426 shares of the e-commerce giant's stock after selling 50,605 shares during the quarter. Amazon.com makes up approximately 4.9% of Cavalier Investments LLC's holdings, making the stock its 3rd largest holding. Cavalier Investments LLC's holdings in Amazon.com were worth $14,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the 4th quarter worth about $35,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $40,000. Finally, Perritt Capital Management Inc lifted its position 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 acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Royal Bank Of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Evercore ISI reduced their price target on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Wedbush reissued an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $250.35.

Amazon.com Stock Up 1.0%

Shares of Amazon.com stock opened at $226.13 on Monday. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a 50-day simple moving average of $213.50 and a 200-day simple moving average of $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business earned $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock worth $3,210,622,570 over the last three months. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.