Centre Asset Management LLC Sells 5,263 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Centre Asset Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,540 shares of the e-commerce giant's stock after selling 5,263 shares during the quarter. Amazon.com makes up 3.6% of Centre Asset Management LLC's portfolio, making the stock its 4th biggest holding. Centre Asset Management LLC's holdings in Amazon.com were worth $14,182,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $27,000. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth about $35,000. Perritt Capital Management Inc increased its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI dropped their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. DA Davidson cut their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada lowered their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Benchmark reiterated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.89.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares in the company, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 2,695 shares of the firm's 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 sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last ninety days. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $0.63 during midday trading on Tuesday, reaching $217.61. The company's stock had a trading volume of 31,226,326 shares, compared to its average volume of 45,016,777. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $192.26 and a 200 day moving average of $208.96. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.31 trillion, a PE ratio of 39.35, a P/E/G ratio of 1.50 and a beta of 1.33.

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 for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.