Eagle Strategies LLC Sells 3,035 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Eagle Strategies LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 22,258 shares of the e-commerce giant's stock after selling 3,035 shares during the quarter. Eagle Strategies LLC's holdings in Amazon.com were worth $4,235,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the 4th quarter worth $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth $40,000. Finally, Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a report on Friday, June 27th. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, July 10th. Moffett Nathanson upped their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, JMP Securities upped their target price on Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a report on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.42.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 384,124 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the sale, the insider directly owned 901,995,325 shares in the company, valued at approximately $202,064,992,706.50. This trade represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.3%

Shares of AMZN stock opened at $225.69 on Tuesday. The stock's 50-day simple moving average is $210.69 and its 200-day simple moving average is $208.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $2.40 trillion, a PE ratio of 36.76, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. 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.

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