Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Buffington Mohr McNeal

Buffington Mohr McNeal lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,124 shares of the e-commerce giant's stock after selling 10,546 shares during the quarter. Amazon.com comprises about 2.0% of Buffington Mohr McNeal's investment portfolio, making the stock its 20th biggest holding. Buffington Mohr McNeal's holdings in Amazon.com were worth $9,917,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Amazon.com during the 4th quarter valued at $27,266,582,000. GAMMA Investing LLC lifted its stake in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors lifted its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Down 7.7%

NASDAQ:AMZN traded down $18.04 during mid-day trading on Friday, reaching $216.07. The company's stock had a trading volume of 65,807,773 shares, compared to its average volume of 44,434,758. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a fifty day moving average of $217.93 and a 200-day moving average of $209.23. The firm has a market capitalization of $2.29 trillion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

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 (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Barclays lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Cowen reiterated a "buy" rating on shares of Amazon.com in a report on Friday. Oppenheimer dropped their target price on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Robert W. Baird lifted their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $260.65.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 25,099,537 shares of company stock worth $5,674,394,548 in the last 90 days. Corporate insiders own 9.70% of the company's stock.

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.