Sentry Investment Management LLC Has $4.78 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sentry Investment Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 27,250 shares of the e-commerce giant's stock after selling 11,679 shares during the quarter. Amazon.com accounts for about 3.0% of Sentry Investment Management LLC's investment portfolio, making the stock its 5th biggest position. Sentry Investment Management LLC's holdings in Amazon.com were worth $4,776,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $25,000. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter worth about $35,000. Finally, Perritt Capital Management Inc boosted 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 valued at $42,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at $96,664,732.58. This trade represents a 0.49% 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 on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president now directly owns 47,030 shares of the company's stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Scotiabank dropped their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Raymond James reiterated an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Wells Fargo & Company cut their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Citizens Jmp cut their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Stock Performance

AMZN stock opened at $212.10 on Friday. 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 is $195.47 and its 200-day moving average is $209.18. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.25 trillion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company 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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