Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 82,612 shares of the e-commerce giant's stock after selling 4,100 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Amazon.com were worth $15,718,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Momentous Wealth Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $12,014,000. Evergreen Capital Management LLC boosted its stake in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value 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. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $223.30 on Monday. 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, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.37 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.34. The firm has a 50-day moving average of $202.26 and a two-hundred day moving average of $208.72.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research report on Friday. Finally, Citizens Jmp reduced their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $245.81.

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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