Davidson Capital Management Inc. Sells 5,587 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Davidson Capital Management Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,879 shares of the e-commerce giant's stock after selling 5,587 shares during the period. Davidson Capital Management Inc.'s holdings in Amazon.com were worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth $54,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Scotiabank cut their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Finally, Oppenheimer increased their price target on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Three investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.41.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,401,408 shares of company stock worth $1,423,159,137 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

NASDAQ:AMZN traded up $4.28 during trading hours on Wednesday, reaching $223.64. The stock had a trading volume of 4,127,765 shares, compared to its average volume of 44,616,836. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.42, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a 50 day moving average price of $207.80 and a two-hundred day moving average price of $208.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

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, 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 analyst estimates of $154.96 billion. During the same quarter last year, the business earned $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.