GEM Asset Management LLC Has $1.49 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

GEM Asset Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,760 shares of the e-commerce giant's stock after selling 1,847 shares during the period. Amazon.com makes up about 0.8% of GEM Asset Management LLC's portfolio, making the stock its 26th biggest holding. GEM Asset Management LLC's holdings in Amazon.com were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the 4th quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during 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. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer directly owned 517,050 shares of the company's stock, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on 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 $9,876,930. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,424,463 shares of company stock worth $756,747,557. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock opened at $219.92 on Thursday. The stock has a market capitalization of $2.33 trillion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 1.66 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 company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock's 50 day simple moving average is $205.03 and its 200 day simple moving average is $208.83.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMZN shares. Oppenheimer upped their target price on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Evercore ISI dropped their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Morgan Stanley lowered their price target on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, UBS Group reiterated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $245.60.

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.

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