Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Guardian Investment Management

Key Points

• Guardian Investment Management reduced its stake in Amazon.com by 26.4%, owning 5,572 shares worth $1,060,000 after selling 2,000 shares in the first quarter.
• Multiple hedge funds adjusted their positions in Amazon.com, with Western Wealth Management increasing its holdings by 0.9%, bringing its total to 140,122 shares valued at $26.66 million.
• Analysts are divided on Amazon's outlook, with Goldman Sachs lowering its price target from $255 to $220, while Needham & Company raised it from $220 to $265, maintaining a "buy" rating.

Guardian Investment Management decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,572 shares of the e-commerce giant's stock after selling 2,000 shares during the quarter. Guardian Investment Management's holdings in Amazon.com were worth $1,060,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth about $27,266,582,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.8%

Shares of NASDAQ AMZN traded down $1.89 during trading on Tuesday, hitting $230.90. 8,528,015 shares of the company traded hands, compared to its average volume of 43,771,383. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a 50-day moving average price of $216.19 and a 200-day moving average price of $208.82. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 37.61, a P/E/G ratio of 1.72 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 25,102,037 shares of company stock worth $5,674,871,223. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Mizuho lowered their price target on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Cantor Fitzgerald raised their price target on Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Needham & Company LLC raised their price objective on shares of Amazon.com from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Raymond James Financial restated an "outperform" rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Finally, Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Three research 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. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $255.21.

About Amazon.com

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.