Amazon.com, Inc. (NASDAQ:AMZN) is Sapient Capital LLC's 9th Largest Position

Sapient Capital LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 537,393 shares of the e-commerce giant's stock after selling 7,042 shares during the period. Amazon.com accounts for approximately 2.0% of Sapient Capital LLC's investment portfolio, making the stock its 9th biggest position. Sapient Capital LLC's holdings in Amazon.com were worth $102,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. apricus wealth LLC increased its holdings in shares of Amazon.com by 13.2% in the first quarter. apricus wealth LLC now owns 3,433 shares of the e-commerce giant's stock valued at $653,000 after purchasing an additional 400 shares during the last quarter. Braun Bostich & Associates Inc. increased its holdings in shares of Amazon.com by 1.5% in the first quarter. Braun Bostich & Associates Inc. now owns 5,676 shares of the e-commerce giant's stock valued at $1,080,000 after purchasing an additional 84 shares during the last quarter. Define Financial LLC acquired a new position in shares of Amazon.com in the first quarter valued at $389,000. Fifth Third Bancorp increased its holdings in shares of Amazon.com by 2.7% in the first quarter. Fifth Third Bancorp now owns 3,850,838 shares of the e-commerce giant's stock valued at $732,660,000 after purchasing an additional 99,649 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in shares of Amazon.com by 24.0% in the first quarter. Simon Quick Advisors LLC now owns 191,715 shares of the e-commerce giant's stock valued at $36,476,000 after purchasing an additional 37,162 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Jefferies Financial Group decreased their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.81.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on 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 owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Up 2.8%

NASDAQ AMZN traded up $6.18 during mid-day trading on Friday, hitting $223.30. The company's stock had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. The company's 50 day simple moving average is $202.26 and its 200 day simple moving average is $208.86. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm posted $0.98 EPS. Amazon.com's revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.