Consolidated Investment Group LLC Sells 2,320 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Consolidated Investment Group LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,800 shares of the e-commerce giant's stock after selling 2,320 shares during the quarter. Amazon.com comprises 1.6% of Consolidated Investment Group LLC's portfolio, making the stock its 13th biggest holding. Consolidated Investment Group LLC's holdings in Amazon.com were worth $10,426,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc grew its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $40,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the fourth quarter worth about $51,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 1.2%

Shares of NASDAQ AMZN opened at $225.02 on Friday. The firm has a market cap of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The business has a fifty day simple moving average of $209.90 and a two-hundred day simple moving average of $208.63.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the company posted $0.98 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on AMZN shares. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Jefferies Financial Group cut their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday. Cantor Fitzgerald increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $249.42.

Insider Activity

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. The trade was a 26.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock worth $1,531,840,610 over the last quarter. Company insiders own 9.70% of the company's stock.

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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