Amazon.com, Inc. (NASDAQ:AMZN) Stake Decreased by Sentry Investment Management LLC

Sentry Investment Management LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,250 shares of the e-commerce giant's stock after selling 11,679 shares during the quarter. Amazon.com comprises about 3.0% of Sentry Investment Management LLC's holdings, making the stock its 5th largest position. Sentry Investment Management LLC's holdings in Amazon.com were worth $4,776,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMZN. RFG Advisory LLC grew its position in shares of Amazon.com by 11.0% in the first quarter. RFG Advisory LLC now owns 120,976 shares of the e-commerce giant's stock valued at $23,017,000 after purchasing an additional 11,993 shares in the last quarter. Capital Asset Advisory Services LLC grew its position in shares of Amazon.com by 9.8% in the first quarter. Capital Asset Advisory Services LLC now owns 81,500 shares of the e-commerce giant's stock valued at $15,975,000 after purchasing an additional 7,262 shares in the last quarter. McLean Asset Management Corp grew its position in shares of Amazon.com by 2.8% in the first quarter. McLean Asset Management Corp now owns 9,726 shares of the e-commerce giant's stock valued at $1,850,000 after purchasing an additional 266 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Amazon.com by 4.7% in the first quarter. Fulton Bank N.A. now owns 148,248 shares of the e-commerce giant's stock valued at $28,206,000 after purchasing an additional 6,644 shares in the last quarter. Finally, HBW Advisory Services LLC grew its position in shares of Amazon.com by 0.3% in the first quarter. HBW Advisory Services LLC now owns 49,412 shares of the e-commerce giant's stock valued at $9,401,000 after purchasing an additional 154 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at $105,984,909. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last 90 days. Insiders own 9.70% of the company's stock.

Amazon.com Trading Down 1.1%

Shares of NASDAQ AMZN traded down $2.30 during midday trading on Wednesday, reaching $212.52. The company had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,587. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm's fifty day moving average price is $197.28 and its 200-day moving average price is $209.32. The stock has a market cap of $2.26 trillion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 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 24.14% and a net margin of 10.14%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMZN shares. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Truist Financial reduced their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Citigroup restated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Royal Bank Of Canada reduced their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Wedbush restated an "outperform" rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

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.