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Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Bank Pictet & Cie Europe AG

Amazon.com logo with Retail/Wholesale background

Bank Pictet & Cie Europe AG reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,915,905 shares of the e-commerce giant's stock after selling 100,964 shares during the period. Amazon.com comprises approximately 8.7% of Bank Pictet & Cie Europe AG's portfolio, making the stock its largest position. Bank Pictet & Cie Europe AG's holdings in Amazon.com were worth $364,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc boosted its stake in 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 acquiring an additional 80 shares in the last quarter. Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the fourth quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $3.21 on Thursday, hitting $223.13. The company had a trading volume of 29,632,353 shares, compared to its average volume of 41,973,367. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.37 trillion, a PE ratio of 36.34, a PEG ratio of 1.66 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The business has a 50 day moving average of $205.03 and a 200 day moving average of $208.83.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating 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 firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on AMZN. Tigress Financial boosted their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Benchmark reiterated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Wedbush restated an "outperform" rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Evercore ISI lowered their price objective 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. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.60.

Read Our Latest Report on AMZN

Amazon.com Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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