Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Outfitter Financial LLC

Key Points

• Outfitter Financial LLC reduced its holdings in Amazon.com by 6.9%, now owning 19,680 shares valued at approximately $3.74 million, making it the fifth largest holding in its portfolio.
• Several institutional investors, including Vanguard Group Inc. and FMR LLC, have increased their holdings in Amazon.com, highlighting sustained institutional interest in the company.
• Amazon reported a better-than-expected earnings per share of $1.68 for the last quarter, surpassing analyst estimates, as well as revenue growth of 13.3% year-over-year, reaching $167.70 billion.

Outfitter Financial LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,680 shares of the e-commerce giant's stock after selling 1,460 shares during the quarter. Amazon.com accounts for 3.4% of Outfitter Financial LLC's holdings, making the stock its 5th largest position. Outfitter Financial LLC's holdings in Amazon.com were worth $3,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com stock traded up $0.05 during mid-day trading on Friday, reaching $231.03. 39,600,434 shares of the company were exchanged, compared to its average volume of 47,994,872. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm's 50-day simple moving average is $221.41 and its two-hundred day simple moving average is $208.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the firm earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMZN shares. Wells Fargo & Company boosted their price objective on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Moffett Nathanson boosted their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, HSBC lifted their price target on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus target price of $262.87.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last ninety days. 9.70% of the stock is owned by insiders.

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.