CHURCHILL MANAGEMENT Corp Sells 5,326 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• CHURCHILL MANAGEMENT Corp has reduced its stake in Amazon.com, Inc. by 5.5%, selling 5,326 shares and holding 91,760 shares valued at approximately $17.46 million as of the latest SEC filing.
• Several large investors are increasing their positions in Amazon, with Brighton Jones LLC boosting its stake by 10.9% and LaFleur & Godfrey LLC increasing by 1.8% in the last quarter.
• Amazon's recent earnings report showed an EPS of $1.59, exceeding expectations, with revenues of $155.67 billion, reflecting an 8.6% year-over-year growth.

CHURCHILL MANAGEMENT Corp lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,760 shares of the e-commerce giant's stock after selling 5,326 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in Amazon.com were worth $17,458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC boosted its position in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after acquiring an additional 44 shares during the period. Northern Capital Management Inc. boosted its position in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the period. Balanced Wealth Group LLC boosted its position in shares of Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares during the period. ETF Store Inc. raised its stake in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after purchasing an additional 48 shares in the last quarter. Finally, TD Capital Management LLC raised its stake in Amazon.com by 1.6% in the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock valued at $671,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 25,102,037 shares of company stock valued at $5,674,871,223 in the last quarter. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMZN shares. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. The Goldman Sachs Group lowered their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Bank of America raised their target price on shares of Amazon.com from $248.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. JMP Securities raised their target price on shares of Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research note on Thursday, July 10th. Finally, Jefferies Financial Group raised their target price on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $255.21.

Amazon.com Trading Down 0.8%

NASDAQ:AMZN traded down $1.89 during trading hours on Tuesday, hitting $230.90. The company had a trading volume of 8,528,015 shares, compared to its average volume of 43,771,383. The company has a market capitalization of $2.45 trillion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The stock has a 50-day moving average price of $216.19 and a 200 day moving average price of $208.82. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week 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 released its quarterly 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. The business had revenue of $155.67 billion for 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 firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company 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.