Mill Capital Management LLC Sells 1,164 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mill Capital Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,633 shares of the e-commerce giant's stock after selling 1,164 shares during the quarter. Amazon.com accounts for 2.9% of Mill Capital Management LLC's portfolio, making the stock its 10th biggest holding. Mill Capital Management LLC's holdings in Amazon.com were worth $35,889,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Steph & Co. raised its position in shares of Amazon.com by 29.9% in the 1st quarter. Steph & Co. now owns 378 shares of the e-commerce giant's stock worth $72,000 after acquiring an additional 87 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of Amazon.com by 13.9% in the 1st quarter. Archford Capital Strategies LLC now owns 50,897 shares of the e-commerce giant's stock worth $9,684,000 after acquiring an additional 6,227 shares in the last quarter. Edmp Inc. raised its position in shares of Amazon.com by 4.0% in the 1st quarter. Edmp Inc. now owns 8,785 shares of the e-commerce giant's stock worth $1,671,000 after acquiring an additional 335 shares in the last quarter. Econ Financial Services Corp purchased a new position in Amazon.com during the 1st quarter worth $1,480,000. Finally, Moran Wealth Management LLC grew its stake in Amazon.com by 254.4% during the 1st quarter. Moran Wealth Management LLC now owns 68,976 shares of the e-commerce giant's stock worth $13,123,000 after buying an additional 49,515 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Raymond James Financial restated an "outperform" rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Tigress Financial boosted their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group dropped their target price 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. Finally, BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $250.35.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,442,187 shares of Amazon.com stock in a transaction on Monday, July 14th. The shares were sold at an average price of $225.89, for a total value of $551,665,621.43. Following the completion of the transaction, the insider owned 895,279,901 shares of the company's stock, valued at approximately $202,234,776,836.89. This trade represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,602,037 shares of company stock valued at $3,044,172,641. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $0.69 during midday trading on Thursday, hitting $223.88. The company had a trading volume of 31,769,801 shares, compared to its average volume of 42,044,088. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month 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 $2.38 trillion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The business's 50-day simple moving average is $212.21 and its 200-day simple moving average is $208.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research 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.