Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Legacy CG LLC

Legacy CG LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,276 shares of the e-commerce giant's stock after selling 2,120 shares during the period. Amazon.com makes up about 3.1% of Legacy CG LLC's investment portfolio, making the stock its 9th largest position. Legacy CG LLC's holdings in Amazon.com were worth $9,566,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cable Hill Partners LLC raised its position in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Northern Capital Management Inc. lifted its holdings in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. Balanced Wealth Group LLC increased its position in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares during the period. ETF Store Inc. boosted its holdings in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after purchasing an additional 48 shares during the last quarter. Finally, TD Capital Management LLC increased its stake in shares of Amazon.com by 1.6% during the fourth quarter. TD Capital Management LLC now owns 3,058 shares of the e-commerce giant's stock worth $671,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded down $1.83 during mid-day trading on Tuesday, hitting $227.47. The company had a trading volume of 34,014,567 shares, compared to its average volume of 41,950,242. The firm has a market cap of $2.41 trillion, a PE ratio of 37.05, 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 quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock's fifty day moving average price is $213.50 and its two-hundred day moving average price is $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction 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 transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced 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 note on Tuesday, April 22nd. HSBC boosted their target price on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a report on Friday, June 27th. Finally, BMO Capital Markets lifted their price target on Amazon.com from $233.00 to $270.00 and gave the company an "outperform" rating in a report on Tuesday. 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $253.98.

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.