Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,767 shares of the e-commerce giant's stock after selling 2,981 shares during the quarter. Amazon.com accounts for approximately 3.3% of Norris Perne & French LLP MI's portfolio, making the stock its 5th largest holding. Norris Perne & French LLP MI's holdings in Amazon.com were worth $43,335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $800,000. Capital & Planning LLC lifted its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after buying an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC grew its holdings in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after buying an additional 860 shares during the last quarter. Brighton Jones LLC increased its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com in the fourth quarter worth $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Evercore ISI decreased their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Tigress Financial lifted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Three 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $245.60.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 224,926 shares of Amazon.com stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $223.56, for a total value of $50,284,456.56. Following the completion of the transaction, the insider owned 905,454,975 shares of the company's stock, valued at approximately $202,423,514,211. The trade was a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock valued at $757,297,707 over the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 0.0%

NASDAQ:AMZN opened at $223.47 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a 50-day simple moving average of $207.16 and a 200 day simple moving average of $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate 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 return on equity of 24.14% and a net margin of 10.14%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Sell-side analysts predict 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.

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