Vermillion & White Wealth Management Group LLC Sells 1,511 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vermillion & White Wealth Management Group LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 49.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,557 shares of the e-commerce giant's stock after selling 1,511 shares during the quarter. Vermillion & White Wealth Management Group LLC's holdings in Amazon.com were worth $342,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Victrix Investment Advisors acquired a new position in Amazon.com in the 4th quarter valued at approximately $8,043,000. Sone Capital Management LLC bought a new stake in Amazon.com in the fourth quarter worth approximately $10,595,000. Vident Advisory LLC grew its position in Amazon.com by 69.7% in the fourth quarter. Vident Advisory LLC now owns 568,073 shares of the e-commerce giant's stock worth $124,630,000 after acquiring an additional 233,381 shares in the last quarter. Sphera Management Technology Funds Ltd bought a new stake in Amazon.com in the fourth quarter worth approximately $12,516,000. Finally, Virtus Investment Advisers Inc. grew its position in Amazon.com by 9.1% in the fourth quarter. Virtus Investment Advisers Inc. now owns 3,839 shares of the e-commerce giant's stock worth $842,000 after acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock worth $20,018,625 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.64 during mid-day trading on Monday, reaching $206.65. The company's stock had a trading volume of 29,034,623 shares, compared to its average volume of 41,968,820. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.19 trillion, a P/E ratio of 37.37, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm's 50-day moving average is $190.57 and its two-hundred day moving average is $208.61.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. 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 posted $0.98 EPS. On average, research analysts predict 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 several recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Oppenheimer decreased their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Maxim Group boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.57.

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.