Jmac Enterprises LLC Sells 13,220 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Jmac Enterprises LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 91.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,181 shares of the e-commerce giant's stock after selling 13,220 shares during the period. Jmac Enterprises LLC's holdings in Amazon.com were worth $225,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. FMR LLC increased its holdings in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 2.5% during the 4th 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 boosted its stake in shares of Amazon.com by 2.3% during the 4th 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 acquired a new position in shares of Amazon.com during the 4th quarter worth about $27,266,582,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley increased their price objective on shares of Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday. Westpark Capital restated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a research note on Tuesday. Finally, Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $249.42.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares in the company, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 over the last three months. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $225.02 on Friday. The company's 50 day simple moving average is $209.90 and its 200 day simple moving average is $208.49. The stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. 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 1 year low of $151.61 and a 1 year high of $242.52.

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 analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for 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 firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. As a group, research analysts predict 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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