Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Personal CFO Solutions LLC

Key Points

• Personal CFO Solutions LLC has reduced its Amazon.com holdings by 3.7%, owning 64,884 shares worth approximately $12.35 million, making Amazon the firm's third largest investment.
• Insider Jeffrey P. Bezos sold over 4 million shares, totaling nearly $961 million, representing a 0.47% decrease in his stake in the company.
• Amazon.com reported impressive earnings with an EPS of $1.68, exceeding estimates, and revenue of $167.70 billion for the quarter, reflecting a 13.3% year-over-year growth.

Personal CFO Solutions LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,884 shares of the e-commerce giant's stock after selling 2,481 shares during the quarter. Amazon.com makes up 2.5% of Personal CFO Solutions LLC's portfolio, making the stock its 3rd largest holding. Personal CFO Solutions LLC's holdings in Amazon.com were worth $12,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Northern Capital Management Inc. raised its position in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. Balanced Wealth Group LLC raised its position in Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after purchasing an additional 48 shares during the last quarter. ETF Store Inc. lifted its stake in shares of Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after acquiring an additional 48 shares during the period. Chatham Capital Group Inc. boosted its holdings in shares of Amazon.com by 0.8% in the fourth quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant's stock valued at $1,321,000 after acquiring an additional 50 shares in the last quarter. Finally, Foundry Financial Group Inc. boosted its holdings in shares of Amazon.com by 3.5% in the fourth quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock valued at $331,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday. HSBC lifted their price target on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a report on Monday, July 28th. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Friday. Finally, Rosenblatt Securities upped their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $262.45.

Amazon.com Price Performance

Shares of AMZN traded up $3.07 during mid-day trading on Tuesday, hitting $214.72. The company's stock had a trading volume of 12,112,218 shares, compared to its average volume of 44,828,645. The firm has a 50-day moving average price of $218.42 and a 200 day moving average price of $208.93. The stock has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 32.85, a PEG ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a fifty-two week low of $158.54 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548 over the last quarter. Company insiders own 10.80% of the company's stock.

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.