TPG Financial Advisors LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

TPG Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 29.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,544 shares of the e-commerce giant's stock after selling 1,512 shares during the quarter. TPG Financial Advisors LLC's holdings in Amazon.com were worth $674,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Cable Hill Partners LLC lifted its position in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares during the last quarter. Northern Capital Management Inc. raised its stake in shares of Amazon.com by 0.6% during the fourth 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 raised its stake in shares of Amazon.com by 2.4% during the fourth 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. Balanced Wealth Group LLC lifted its holdings in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after acquiring an additional 48 shares during the last quarter. Finally, ETF Store Inc. boosted its stake in shares of Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. Morgan Stanley decreased their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Mizuho decreased 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. JPMorgan Chase & Co. boosted their target price on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reduced their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $245.81.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the sale, the chief executive officer directly owned 517,050 shares of the company's stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,537 shares of company stock valued at $20,061,100. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $219.39 on Tuesday. The company has a 50 day simple moving average of $203.30 and a two-hundred day simple moving average of $208.67. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 1.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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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