Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Trail Ridge Investment Advisors LLC

Trail Ridge Investment Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,792 shares of the e-commerce giant's stock after selling 2,228 shares during the period. Amazon.com comprises about 1.9% of Trail Ridge Investment Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Trail Ridge Investment Advisors LLC's holdings in Amazon.com were worth $3,766,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter valued at about $35,000. Cooksen Wealth LLC purchased a new position in Amazon.com during the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,096,253 shares of company stock worth $5,673,745,409 in the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded up $6.93 during trading on Thursday, reaching $231.49. The company had a trading volume of 47,711,633 shares, compared to its average volume of 44,886,172. The firm has a 50-day simple moving average of $220.60 and a 200-day simple moving average of $208.72. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the business earned $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Benchmark reaffirmed a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Wells Fargo & Company lifted their target price on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $262.87.

About Amazon.com

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.