TCI Wealth Advisors Inc. Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

TCI Wealth Advisors Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,635 shares of the e-commerce giant's stock after selling 2,451 shares during the quarter. Amazon.com accounts for 0.6% of TCI Wealth Advisors Inc.'s holdings, making the stock its 24th largest holding. TCI Wealth Advisors Inc.'s holdings in Amazon.com were worth $8,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lumbard & Kellner LLC raised its position in Amazon.com by 2,215.5% in the first quarter. Lumbard & Kellner LLC now owns 28,597 shares of the e-commerce giant's stock valued at $5,441,000 after purchasing an additional 27,362 shares during the period. Duncan Williams Asset Management LLC raised its holdings in shares of Amazon.com by 4.4% in the 1st quarter. Duncan Williams Asset Management LLC now owns 22,701 shares of the e-commerce giant's stock valued at $4,319,000 after buying an additional 955 shares during the period. Redwood Wealth Management Group LLC raised its holdings in shares of Amazon.com by 197.4% in the 1st quarter. Redwood Wealth Management Group LLC now owns 16,856 shares of the e-commerce giant's stock valued at $3,207,000 after buying an additional 11,188 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Amazon.com by 166.5% in the 1st quarter. Boston Trust Walden Corp now owns 299,939 shares of the e-commerce giant's stock valued at $57,066,000 after buying an additional 187,373 shares during the period. Finally, Global X Japan Co. Ltd. raised its holdings in shares of Amazon.com by 10.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 185,550 shares of the e-commerce giant's stock valued at $35,303,000 after buying an additional 17,067 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm'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 value of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,426,963 shares of company stock worth $757,297,707. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Raymond James Financial reiterated an "outperform" rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a report on Friday, June 27th. Finally, Citizens Jmp cut 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. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $245.60.

Amazon.com Stock Up 0.0%

AMZN opened at $223.47 on Tuesday. The business has a 50 day moving average price of $207.16 and a two-hundred day moving average price of $208.51. 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 company has a market cap of $2.37 trillion, a PE ratio of 36.40, a P/E/G ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.

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