Cahill Financial Advisors Inc. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Cahill Financial Advisors Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,318 shares of the e-commerce giant's stock after selling 1,678 shares during the quarter. Cahill Financial Advisors Inc.'s holdings in Amazon.com were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cantor Fitzgerald L. P. lifted its holdings in Amazon.com by 84.4% in the 4th quarter. Cantor Fitzgerald L. P. now owns 39,734 shares of the e-commerce giant's stock worth $8,717,000 after buying an additional 18,182 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Amazon.com by 9.4% during the fourth quarter. Captrust Financial Advisors now owns 2,017,114 shares of the e-commerce giant's stock worth $442,535,000 after buying an additional 174,138 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Amazon.com in the 4th quarter worth about $45,582,000. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter worth about $25,000. Finally, Caxton Associates LP increased its holdings in Amazon.com by 58.1% in the fourth quarter. Caxton Associates LP now owns 2,425,184 shares of the e-commerce giant's stock valued at $532,061,000 after buying an additional 891,401 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock valued at $20,018,625 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Evercore ISI dropped 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 note on Friday, May 2nd. Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Cantor Fitzgerald boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Price Performance

AMZN traded up $3.54 during trading on Tuesday, reaching $204.53. The stock had a trading volume of 6,249,146 shares, compared to its average volume of 41,886,415. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business has a 50-day moving average of $190.16 and a 200-day moving average of $208.75. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.17 trillion, a PE ratio of 37.06, a PEG ratio of 1.50 and a beta of 1.30.

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

Amazon.com 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.