Amazon.com, Inc. (NASDAQ:AMZN) Position Trimmed by Herbst Group LLC

Herbst Group LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,985 shares of the e-commerce giant's stock after selling 3,037 shares during the period. Amazon.com comprises 3.4% of Herbst Group LLC's holdings, making the stock its 9th biggest position. Herbst Group LLC's holdings in Amazon.com were worth $4,754,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC boosted its stake in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its holdings in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank acquired a new stake in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on AMZN shares. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Stock Performance

Shares of AMZN opened at $212.52 on Thursday. The firm has a 50-day moving average price of $197.28 and a 200 day moving average price of $209.32. The firm has a market capitalization of $2.26 trillion, a PE ratio of 34.61, a P/E/G ratio of 1.63 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, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the firm posted $0.98 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last three months. 9.70% of the stock is owned by corporate insiders.

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.

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