Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,771 shares of the e-commerce giant's stock after selling 1,352 shares during the period. Midwest Professional Planners LTD.'s holdings in Amazon.com were worth $1,859,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter valued at $35,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter worth $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.3%

Shares of NASDAQ:AMZN traded down $0.68 during trading on Friday, reaching $230.30. The stock had a trading volume of 26,588,843 shares, compared to its average volume of 44,860,145. The business has a fifty day moving average price of $221.06 and a 200-day moving average price of $208.69. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.46 trillion, a P/E ratio of 35.12, a PEG ratio of 1.51 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Amazon.com's revenue was up 13.3% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMZN. DA Davidson raised their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research report on Wednesday. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com 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.