Jaffetilchin Investment Partners LLC Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Jaffetilchin Investment Partners LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,534 shares of the e-commerce giant's stock after selling 6,012 shares during the period. Amazon.com makes up 2.0% of Jaffetilchin Investment Partners LLC's portfolio, making the stock its 11th biggest position. Jaffetilchin Investment Partners LLC's holdings in Amazon.com were worth $27,499,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Canvas Wealth Advisors LLC increased its holdings in shares of Amazon.com by 14.0% during the 1st quarter. Canvas Wealth Advisors LLC now owns 73,455 shares of the e-commerce giant's stock worth $12,721,000 after purchasing an additional 9,038 shares during the period. Bartlett & CO. Wealth Management LLC boosted its stake in Amazon.com by 6.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 853,324 shares of the e-commerce giant's stock worth $162,353,000 after acquiring an additional 49,798 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Amazon.com by 1.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 661,100 shares of the e-commerce giant's stock worth $125,781,000 after purchasing an additional 8,710 shares in the last quarter. Scott & Selber Inc. increased its stake in Amazon.com by 0.7% during the 1st quarter. Scott & Selber Inc. now owns 60,682 shares of the e-commerce giant's stock worth $11,545,000 after purchasing an additional 436 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its position in Amazon.com by 7.4% during the 1st quarter. Transcend Capital Advisors LLC now owns 102,256 shares of the e-commerce giant's stock worth $19,455,000 after acquiring an additional 7,068 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN traded down $1.83 during mid-day trading on Tuesday, reaching $227.47. The company had a trading volume of 34,014,567 shares, compared to its average volume of 41,950,242. The company's 50-day moving average is $213.50 and its 200-day moving average is $208.51. The company has a market capitalization of $2.41 trillion, a P/E ratio of 37.05, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday. Oppenheimer boosted their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Benchmark restated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $253.98.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 10.80% of the company's stock.

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.