Guyasuta Investment Advisors Inc. Sells 4,626 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Guyasuta Investment Advisors Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 142,376 shares of the e-commerce giant's stock after selling 4,626 shares during the quarter. Amazon.com makes up approximately 1.8% of Guyasuta Investment Advisors Inc.'s portfolio, making the stock its 18th largest position. Guyasuta Investment Advisors Inc.'s holdings in Amazon.com were worth $27,088,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Center for Financial Planning Inc. grew its position in Amazon.com by 2.5% in the first quarter. Center for Financial Planning Inc. now owns 24,236 shares of the e-commerce giant's stock worth $4,611,000 after acquiring an additional 600 shares in the last quarter. North Point Portfolio Managers Corp OH grew its position in Amazon.com by 1.5% in the first quarter. North Point Portfolio Managers Corp OH now owns 104,463 shares of the e-commerce giant's stock worth $19,875,000 after acquiring an additional 1,520 shares in the last quarter. Moisand Fitzgerald Tamayo LLC grew its position in Amazon.com by 15.3% in the first quarter. Moisand Fitzgerald Tamayo LLC now owns 982 shares of the e-commerce giant's stock worth $187,000 after acquiring an additional 130 shares in the last quarter. SK Wealth Management LLC grew its position in Amazon.com by 1.4% in the first quarter. SK Wealth Management LLC now owns 6,215 shares of the e-commerce giant's stock worth $1,182,000 after acquiring an additional 84 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC grew its position in Amazon.com by 1.5% in the first quarter. MinichMacGregor Wealth Management LLC now owns 11,681 shares of the e-commerce giant's stock worth $2,222,000 after acquiring an additional 178 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 384,124 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total value of $86,051,458.48. Following the completion of the sale, the insider directly owned 901,995,325 shares of the company's stock, valued at approximately $202,064,992,706.50. The trade was a 0.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.2%

NASDAQ AMZN traded up $2.76 during trading hours on Friday, reaching $225.02. 50,481,094 shares of the company's stock were exchanged, compared to its average volume of 42,089,069. The company's 50-day moving average is $209.90 and its two-hundred day moving average is $208.63. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday. JMP Securities boosted their target price on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Thursday. Finally, Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $249.42.

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.