Roman Butler Fullerton & Co. Sells 3,717 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Roman Butler Fullerton & Co. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,261 shares of the e-commerce giant's stock after selling 3,717 shares during the quarter. Amazon.com accounts for 3.6% of Roman Butler Fullerton & Co.'s investment portfolio, making the stock its 4th biggest holding. Roman Butler Fullerton & Co.'s holdings in Amazon.com were worth $9,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter worth $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho reduced their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a report on Tuesday. Barclays reduced their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $246.41.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president owned 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,401,408 shares of company stock valued at $1,423,159,137 in the last 90 days. 9.70% of the stock is owned by corporate insiders.

Amazon.com Trading Up 1.4%

AMZN stock traded up $3.18 during trading on Wednesday, reaching $222.54. 38,059,198 shares of the stock traded hands, compared to its average volume of 42,075,237. The business's 50 day moving average price is $208.56 and its 200-day moving average price is $208.68. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week 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 firm has a market capitalization of $2.36 trillion, a PE ratio of 36.24, a P/E/G ratio of 1.65 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side 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.