Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Trimmed by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,095 shares of the e-commerce giant's stock after selling 13,934 shares during the quarter. Amazon.com makes up about 3.5% of K.J. Harrison & Partners Inc's holdings, making the stock its 3rd largest position. K.J. Harrison & Partners Inc's holdings in Amazon.com were worth $18,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in 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 boosted 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 acquiring an additional 80 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN traded down $0.79 during trading on Friday, reaching $231.44. The company's stock had a trading volume of 28,649,591 shares, compared to its average volume of 40,402,120. 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 firm has a market cap of $2.46 trillion, a price-to-earnings ratio of 37.69, a P/E/G ratio of 1.72 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 business's fifty day moving average price is $215.66 and its 200-day moving average price is $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for 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 business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMZN. Morgan Stanley raised their price target on Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. UBS Group reissued a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. JMP Securities lifted their price objective on Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $254.33.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value 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. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 25,102,037 shares of company stock worth $5,674,871,223 in the last quarter. Corporate insiders own 9.70% 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.