Analyst IMS Investment Management Services Ltd. Sells 3,358 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Analyst IMS Investment Management Services Ltd. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 about 0.7% of Analyst IMS Investment Management Services Ltd.'s portfolio, making the stock its 15th biggest position. Analyst IMS Investment Management Services Ltd.'s holdings in Amazon.com were worth $17,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of AMZN. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $800,000. Capital & Planning LLC boosted its stake in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC boosted its stake in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.1%

Amazon.com stock traded up $0.14 during trading on Thursday, hitting $222.68. 18,645,725 shares of the company were exchanged, compared to its average volume of 41,985,662. The business's 50 day moving average is $208.56 and its 200 day moving average is $208.68. 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 P/E ratio of 36.22, a PEG ratio of 1.65 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.

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

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,401,408 shares of company stock valued at $1,423,159,137. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Raymond James Financial reissued an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Thursday. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Westpark Capital reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Oppenheimer lifted their price objective on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $247.12.

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.