Charles Schwab Trust Co Sells 2,990 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Charles Schwab Trust Co lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,463 shares of the e-commerce giant's stock after selling 2,990 shares during the quarter. Charles Schwab Trust Co's holdings in Amazon.com were worth $1,610,000 as of its most recent filing with the SEC.

Other hedge funds and 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 shares of Amazon.com during the fourth quarter worth approximately $27,000. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Finally, Compass Planning Associates Inc acquired a new stake in shares of Amazon.com during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Evercore ISI dropped their price target 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. Wells Fargo & Company lowered their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Mizuho cut their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Stock Performance

NASDAQ AMZN traded down $2.30 during midday trading on Wednesday, hitting $212.52. The company had a trading volume of 44,196,483 shares, compared to its average volume of 42,137,983. The firm has a fifty day simple moving average of $196.86 and a two-hundred day simple moving average of $209.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 1.64 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 in the last quarter. Corporate insiders own 10.80% of the company's stock.

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.