Global Trust Asset Management LLC Has $3.40 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Global Trust Asset Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,853 shares of the e-commerce giant's stock after selling 2,375 shares during the period. Amazon.com comprises approximately 2.1% of Global Trust Asset Management LLC's investment portfolio, making the stock its 10th biggest holding. Global Trust Asset Management LLC's holdings in Amazon.com were worth $3,398,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMZN. Tallon Kerry Patrick acquired a new stake in Amazon.com during the 4th quarter worth approximately $800,000. Capital & Planning LLC increased its position in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares during the period. LaFleur & Godfrey LLC lifted its holdings in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com in the fourth quarter valued at about $301,650,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 224,926 shares of Amazon.com stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $223.56, for a total value of $50,284,456.56. Following the completion of the transaction, the insider directly owned 905,454,975 shares of the company's stock, valued at approximately $202,423,514,211. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock valued at $757,297,707 over the last 90 days. 9.70% of the stock is owned by company insiders.

Amazon.com Trading Up 1.5%

Shares of AMZN stock opened at $223.13 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year 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 has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33. The stock has a 50-day moving average of $206.44 and a 200-day moving average of $208.70.

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

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Morgan Stanley dropped their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Three equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $245.60.

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.

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