Goelzer Investment Management Inc. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Goelzer Investment Management Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,444 shares of the e-commerce giant's stock after selling 1,870 shares during the period. Goelzer Investment Management Inc.'s holdings in Amazon.com were worth $9,217,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth $35,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth $40,000. Finally, Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, 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 ownership of the stock. 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. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMZN shares. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Thursday. Evercore ISI reduced their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus reduced their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada reduced their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $249.42.

Amazon.com Stock Performance

Shares of AMZN opened at $225.69 on Tuesday. 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, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a 50-day simple moving average of $210.69 and a two-hundred day simple moving average of $208.38. The firm has a market capitalization of $2.40 trillion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.

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