Castleview Partners LLC Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Castleview Partners LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.7% during the 1st quarter, according to its most recent 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 holdings, making the stock its 14th largest holding. Castleview Partners LLC's holdings in Amazon.com were worth $1,949,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. Momentous Wealth Management Inc. bought a new position in Amazon.com in the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC lifted its stake in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $12,014,000. Evergreen Capital Management LLC lifted its stake in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMZN shares. Benchmark reaffirmed a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Citizens Jmp started coverage on shares of Amazon.com in a research note on Thursday. They set a "strong-buy" rating for the company. Scotiabank dropped their price target 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. Wells Fargo & Company raised their price target on shares of Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, Cantor Fitzgerald raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $249.42.

Amazon.com Stock Up 1.2%

Shares of NASDAQ AMZN traded up $2.76 during mid-day trading on Friday, reaching $225.02. 50,481,094 shares of the company's stock traded hands, compared to its average volume of 42,089,069. The stock has a market cap of $2.39 trillion, a P/E ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. The business has a 50-day simple moving average of $209.90 and a 200 day simple moving average of $208.63. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm 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 was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. On average, analysts expect 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.