Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by New Millennium Group LLC

New Millennium Group LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 90.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,937 shares of the e-commerce giant's stock after selling 28,236 shares during the period. New Millennium Group LLC's holdings in Amazon.com were worth $559,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Western Wealth Management LLC lifted its stake in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter worth $749,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth $514,000. Segall Bryant & Hamill LLC lifted its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares during the period. Finally, Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $12,014,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 25,102,037 shares of company stock valued at $5,674,871,223 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMZN. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, July 10th. DA Davidson cut their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. 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 stock has an average rating of "Moderate Buy" and an average price target of $254.71.

Amazon.com Trading Up 0.6%

AMZN stock traded up $1.35 on Monday, hitting $232.79. 26,233,111 shares of the company were exchanged, compared to its average volume of 35,876,868. 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. The business's fifty day moving average is $216.19 and its two-hundred day moving average is $208.82. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 1.72 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 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.