CGN Advisors LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

CGN Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,629 shares of the e-commerce giant's stock after selling 3,905 shares during the quarter. CGN Advisors LLC's holdings in Amazon.com were worth $6,969,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. FMR LLC increased its position in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter worth about $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.5%

Amazon.com stock opened at $212.10 on Friday. 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 stock has a market cap of $2.25 trillion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The stock has a 50-day moving average of $195.47 and a two-hundred day moving average of $209.18. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 9.29% and a return on equity of 24.25%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Wedbush reissued an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Stifel Nicolaus cut their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Scotiabank cut their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Finally, The Goldman Sachs Group decreased their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

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.

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