Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by State of Wyoming

State of Wyoming trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,818 shares of the e-commerce giant's stock after selling 8,279 shares during the quarter. Amazon.com makes up approximately 0.6% of State of Wyoming's holdings, making the stock its 16th largest position. State of Wyoming's holdings in Amazon.com were worth $4,348,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMZN. Cable Hill Partners LLC grew its holdings in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after acquiring an additional 44 shares in the last quarter. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Northern Capital Management Inc. grew its holdings in 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 worth $1,613,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management grew its holdings in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after acquiring an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its holdings in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after acquiring an additional 48 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $1.77 during midday trading on Friday, reaching $203.93. The company's stock had a trading volume of 51,641,602 shares, compared to its average volume of 42,021,406. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $190.57 and a 200 day moving average price of $208.63. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMZN. Stifel Nicolaus decreased their price objective 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. Oppenheimer decreased their price target on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. DA Davidson decreased 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. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Royal Bank of Canada decreased their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $244.09.

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.