Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,074 shares of the e-commerce giant's stock after selling 1,462 shares during the period. Amazon.com accounts for approximately 2.9% of Connors Investor Services Inc.'s portfolio, making the stock its 6th largest position. Connors Investor Services Inc.'s holdings in Amazon.com were worth $30,511,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMZN. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the sale, the chief executive officer now owns 514,150 shares of the company's stock, valued at approximately $105,426,457.50. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock worth $17,421,044 in the last ninety days. Insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. The Goldman Sachs Group dropped their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group reduced their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Cantor Fitzgerald increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Trading Down 1.4%

Shares of AMZN stock traded down $2.95 on Wednesday, reaching $201.12. 42,365,189 shares of the stock were exchanged, compared to its average volume of 41,920,645. The stock has a market cap of $2.14 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $189.68 and a two-hundred day moving average of $208.79. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.