Continuum Advisory LLC Sells 4,499 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Continuum Advisory LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 68,851 shares of the e-commerce giant's stock after selling 4,499 shares during the period. Amazon.com accounts for 1.7% of Continuum Advisory LLC's investment portfolio, making the stock its 11th largest position. Continuum Advisory LLC's holdings in Amazon.com were worth $13,100,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Amazon.com during the fourth quarter worth about $27,266,582,000. GAMMA Investing LLC boosted its position in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors grew its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president owned 47,030 shares in the company, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Bank of America raised their price target on Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Finally, Stifel Nicolaus reduced their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.

Amazon.com Stock Up 0.3%

Amazon.com stock traded up $0.67 during trading hours on Monday, hitting $225.69. 35,660,481 shares of the stock traded hands, compared to its average volume of 44,741,215. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm's 50-day moving average price is $209.90 and its two-hundred day moving average price is $208.36. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.40 trillion, a PE ratio of 36.76, a PEG ratio of 1.69 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 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.