Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Talbot Financial LLC

Talbot Financial LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,792 shares of the e-commerce giant's stock after selling 3,448 shares during the period. Amazon.com comprises 5.5% of Talbot Financial LLC's portfolio, making the stock its 3rd largest holding. Talbot Financial LLC's holdings in Amazon.com were worth $43,910,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter worth $25,000. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at approximately $35,000. Finally, Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Citigroup reissued a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. DA Davidson dropped their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Rosenblatt Securities lifted their target price on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Citizens Jmp decreased their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 0.5%

Shares of NASDAQ:AMZN traded down $1.14 during midday trading on Friday, hitting $212.10. The company had a trading volume of 29,295,190 shares, compared to its average volume of 42,102,749. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a fifty day simple moving average of $194.64 and a 200 day simple moving average of $209.13. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.35, a PEG 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. On average, analysts predict 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.