Castleview Partners LLC Sells 2,842 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Castleview Partners LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,244 shares of the e-commerce giant's stock after selling 2,842 shares during the period. Amazon.com comprises 1.3% of Castleview Partners LLC's portfolio, making the stock its 14th largest position. Castleview Partners LLC's holdings in Amazon.com were worth $1,949,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Compass Planning Associates Inc bought a new stake in Amazon.com during the fourth quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Amazon.com during the fourth quarter valued at $54,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.1%

Shares of AMZN traded down $0.28 during midday trading on Thursday, hitting $222.26. The stock had a trading volume of 30,243,964 shares, compared to its average volume of 42,028,415. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50-day simple moving average of $208.56 and a two-hundred day simple moving average of $208.68. The firm has a market cap of $2.36 trillion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Mizuho lowered their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Scotiabank lowered their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Citigroup restated a "market outperform" rating on shares of Amazon.com in a research report on Thursday. Finally, Barclays lowered their price target on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $248.24.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. This represents a 26.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,886,613 shares of company stock worth $1,531,840,610. 9.70% of the stock is owned by company insiders.

About Amazon.com

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.