Analyst IMS Investment Management Services Ltd. Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Analyst IMS Investment Management Services Ltd. lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 90,831 shares of the e-commerce giant's stock after selling 3,358 shares during the period. Amazon.com accounts for approximately 0.7% of Analyst IMS Investment Management Services Ltd.'s holdings, making the stock its 15th largest position. Analyst IMS Investment Management Services Ltd.'s holdings in Amazon.com were worth $17,282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter worth $51,000. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 owned 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction 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. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,401,408 shares of company stock worth $1,423,159,137 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Up 1.4%

NASDAQ AMZN traded up $3.18 during trading hours on Wednesday, hitting $222.54. The company's stock had a trading volume of 38,059,198 shares, compared to its average volume of 42,038,088. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market capitalization of $2.36 trillion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. 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 company's 50-day simple moving average is $207.80 and its two-hundred day simple moving average is $208.58.

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

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Citizens Jmp reduced their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group reduced 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 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. Bank of America boosted their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $246.41.

Amazon.com 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.