First Heartland Consultants Inc. Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First Heartland Consultants Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,024 shares of the e-commerce giant's stock after selling 6,997 shares during the quarter. Amazon.com accounts for approximately 1.2% of First Heartland Consultants Inc.'s investment portfolio, making the stock its 20th largest position. First Heartland Consultants Inc.'s holdings in Amazon.com were worth $12,072,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $27,000. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com during the 4th quarter worth approximately $51,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $1.70 during mid-day trading on Thursday, reaching $208.93. The company's stock had a trading volume of 39,558,452 shares, compared to its average volume of 41,987,644. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a fifty day moving average of $191.06 and a two-hundred day moving average of $208.60. The firm has a market capitalization of $2.22 trillion, a PE ratio of 37.75, a P/E/G ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm's revenue for the quarter 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 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares in the company, valued at $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 in the last quarter. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. 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 research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Company 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.