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

Brendel Financial Advisors LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,087 shares of the e-commerce giant's stock after selling 1,368 shares during the period. Brendel Financial Advisors LLC's holdings in Amazon.com were worth $2,300,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AMZN. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.2% during 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 purchasing an additional 17,635,391 shares in the last quarter. FMR LLC grew its position in shares of Amazon.com by 0.5% during 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Amazon.com by 2.5% during 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 purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 2.3% during 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 purchasing an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter valued at about $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMZN shares. Royal Bank Of Canada cut their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citizens Jmp started coverage on Amazon.com in a research report on Thursday. They set a "strong-buy" rating for the company. Wells Fargo & Company raised their price objective on Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research report on Tuesday. DA Davidson cut their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Rosenblatt Securities raised their price objective on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $249.42.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN traded up $2.76 during trading hours on Friday, reaching $225.02. 50,481,094 shares of the company traded hands, compared to its average volume of 42,098,870. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 36.65, a P/E/G ratio of 1.67 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 12-month low of $151.61 and a 12-month high of $242.52. The business has a fifty day moving average price of $209.20 and a 200-day moving average price of $208.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.