Evanson Asset Management LLC Sells 2,713 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evanson Asset Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,522 shares of the e-commerce giant's stock after selling 2,713 shares during the period. Amazon.com comprises about 0.9% of Evanson Asset Management LLC's portfolio, making the stock its 25th largest position. Evanson Asset Management LLC's holdings in Amazon.com were worth $12,276,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Carr Financial Group Corp boosted its position in Amazon.com by 9.7% in the first quarter. Carr Financial Group Corp now owns 16,948 shares of the e-commerce giant's stock worth $3,225,000 after purchasing an additional 1,494 shares during the last quarter. DMKC Advisory Services LLC boosted its holdings in shares of Amazon.com by 8.9% in the 1st quarter. DMKC Advisory Services LLC now owns 1,461 shares of the e-commerce giant's stock worth $278,000 after buying an additional 120 shares during the last quarter. Compass Ion Advisors LLC grew its position in Amazon.com by 0.8% during the first quarter. Compass Ion Advisors LLC now owns 26,184 shares of the e-commerce giant's stock valued at $4,982,000 after buying an additional 204 shares during the period. Citizens & Northern Corp increased its holdings in Amazon.com by 3.1% during the first quarter. Citizens & Northern Corp now owns 40,906 shares of the e-commerce giant's stock worth $7,783,000 after buying an additional 1,216 shares during the last quarter. Finally, Riverwater Partners LLC raised its position in Amazon.com by 39.8% in the first quarter. Riverwater Partners LLC now owns 4,961 shares of the e-commerce giant's stock worth $944,000 after acquiring an additional 1,413 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research report on Thursday. Raymond James Financial reissued an "outperform" rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Jefferies Financial Group lowered their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Benchmark reiterated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Morgan Stanley boosted their price objective on Amazon.com from $250.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $249.42.

Insider Activity

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 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 $4,000,233.60. Following the completion of the sale, the chief executive officer owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded up $2.76 on Friday, reaching $225.02. 50,481,094 shares of the company's stock traded hands, compared to its average volume of 42,089,069. The stock has a market cap of $2.39 trillion, a PE ratio of 36.65, a P/E/G ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a 50-day simple moving average of $209.90 and a 200 day simple moving average of $208.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

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 the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

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.