Delta Investment Management LLC Sells 6,650 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Delta Investment Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,891 shares of the e-commerce giant's stock after selling 6,650 shares during the quarter. Amazon.com comprises 2.1% of Delta Investment Management LLC's holdings, making the stock its 11th largest holding. Delta Investment Management LLC's holdings in Amazon.com were worth $10,946,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Amazon.com by 14.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock valued at $14,474,471,000 after purchasing an additional 8,142,030 shares in the last quarter. Unio Capital LLC increased its stake in shares of Amazon.com by 25.8% during the fourth quarter. Unio Capital LLC now owns 67,364 shares of the e-commerce giant's stock worth $14,779,000 after buying an additional 13,801 shares during the period. USS Investment Management Ltd acquired a new stake in Amazon.com in the fourth quarter valued at approximately $322,056,000. Vista Investment Management lifted its stake in Amazon.com by 8.7% in the fourth quarter. Vista Investment Management now owns 2,925 shares of the e-commerce giant's stock worth $642,000 after acquiring an additional 235 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in Amazon.com by 233.1% during the 4th quarter. Voloridge Investment Management LLC now owns 992,700 shares of the e-commerce giant's stock worth $217,788,000 after acquiring an additional 694,700 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Westpark Capital restated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas raised shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Benchmark reissued a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Morgan Stanley dropped their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $4.08 during midday trading on Thursday, reaching $211.31. 16,194,486 shares of the company traded hands, compared to its average volume of 41,895,986. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm's fifty day moving average price is $191.06 and its two-hundred day moving average price is $208.60. 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 market capitalization of $2.24 trillion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

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 analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the business earned $0.98 earnings per share. Amazon.com's revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share 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.