Andrew Hill Investment Advisors Inc. Sells 15,347 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Andrew Hill Investment Advisors Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 63.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,007 shares of the e-commerce giant's stock after selling 15,347 shares during the period. Amazon.com accounts for about 1.7% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 22nd biggest holding. Andrew Hill Investment Advisors Inc.'s holdings in Amazon.com were worth $1,714,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Legacy Financial Strategies LLC raised its holdings in Amazon.com by 9.5% during the first quarter. Legacy Financial Strategies LLC now owns 12,481 shares of the e-commerce giant's stock worth $2,375,000 after purchasing an additional 1,082 shares in the last quarter. Doliver Advisors LP raised its holdings in Amazon.com by 6.1% during the first quarter. Doliver Advisors LP now owns 39,261 shares of the e-commerce giant's stock worth $7,470,000 after purchasing an additional 2,273 shares in the last quarter. Retirement Wealth Solutions LLC raised its holdings in Amazon.com by 57.0% during the first quarter. Retirement Wealth Solutions LLC now owns 2,071 shares of the e-commerce giant's stock worth $394,000 after purchasing an additional 752 shares in the last quarter. St. Louis Financial Planners Asset Management LLC raised its holdings in Amazon.com by 29.0% during the first quarter. St. Louis Financial Planners Asset Management LLC now owns 16,684 shares of the e-commerce giant's stock worth $3,174,000 after purchasing an additional 3,747 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC raised its holdings in Amazon.com by 5.3% during the first quarter. S.E.E.D. Planning Group LLC now owns 73,764 shares of the e-commerce giant's stock worth $14,034,000 after purchasing an additional 3,730 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was 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 valued at $20,531,075 in the last quarter. Insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded down $1.14 on Friday, reaching $212.10. 29,295,190 shares of the stock were exchanged, compared to its average volume of 42,179,363. The stock has a market cap of $2.25 trillion, a PE ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a fifty day moving average price of $195.47 and a two-hundred day moving average price of $209.16.

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

Analyst Ratings Changes

Several research analysts have issued reports on AMZN shares. Royal Bank of Canada decreased their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group decreased their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Mizuho decreased their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $244.89.

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.