Cullen Investment Group LTD. Sells 5,379 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cullen Investment Group LTD. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,321 shares of the e-commerce giant's stock after selling 5,379 shares during the period. Amazon.com comprises about 1.6% of Cullen Investment Group LTD.'s holdings, making the stock its 13th largest position. Cullen Investment Group LTD.'s holdings in Amazon.com were worth $10,716,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $25,000. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter valued at about $35,000. Finally, Perritt Capital Management Inc lifted 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 valued at $42,000 after purchasing an additional 80 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last three months. 9.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. UBS Group reissued a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Citizens Jmp lowered 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 report on Monday, April 14th. Morgan Stanley lowered their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Price Performance

Amazon.com stock traded down $4.41 during mid-day trading on Wednesday, hitting $213.20. 39,186,416 shares of the company traded hands, compared to its average volume of 42,179,278. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a fifty day moving average price of $193.04 and a 200-day moving average price of $209.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the business posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.