Adams Diversified Equity Fund Inc. Sells 5,800 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Adams Diversified Equity Fund Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 571,000 shares of the e-commerce giant's stock after selling 5,800 shares during the period. Amazon.com makes up about 4.3% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 4th largest holding. Adams Diversified Equity Fund Inc.'s holdings in Amazon.com were worth $108,638,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $35,000. Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at about $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Citigroup restated a "market outperform" rating on shares of Amazon.com in a research report on Thursday, July 10th. The Goldman Sachs Group lowered their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Bank of America upped their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $250.35.

Insider Buying and Selling

In other Amazon.com 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 owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.0%

Amazon.com stock traded up $2.25 during midday trading on Friday, hitting $226.13. 37,202,025 shares of the stock were exchanged, compared to its average volume of 42,024,987. The company has a fifty day simple moving average of $212.84 and a two-hundred day simple moving average of $208.62. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market capitalization of $2.40 trillion, a PE ratio of 36.83, a P/E/G ratio of 1.67 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the firm earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate 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.