Amazon.com, Inc. (NASDAQ:AMZN) is Oppenheimer Asset Management Inc.'s 3rd Largest Position

Oppenheimer Asset Management Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 806,055 shares of the e-commerce giant's stock after selling 30,038 shares during the period. Amazon.com accounts for about 1.9% of Oppenheimer Asset Management Inc.'s portfolio, making the stock its 3rd largest position. Oppenheimer Asset Management Inc.'s holdings in Amazon.com were worth $153,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $35,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock traded up $0.67 during midday trading on Monday, hitting $225.69. 35,660,481 shares of the stock traded hands, compared to its average volume of 44,741,215. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year 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's fifty day simple moving average is $209.90 and its 200-day simple moving average is $208.36. The firm has a market cap of $2.40 trillion, a P/E ratio of 36.76, a PEG ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping 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 company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMZN. JPMorgan Chase & Co. increased their target price on Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday. Cantor Fitzgerald raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Evercore ISI reduced their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Moffett Nathanson raised their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $249.42.

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.