Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Trimmed by Visionary Horizons LLC

Visionary Horizons LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 67.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,495 shares of the e-commerce giant's stock after selling 3,123 shares during the period. Visionary Horizons LLC's holdings in Amazon.com were worth $284,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% in the fourth 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. Finally, Quattro Financial Advisors LLC raised its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. DA Davidson dropped their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wedbush reiterated an "outperform" rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Citizens Jmp cut their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Jefferies Financial Group reduced their target price on Amazon.com from $250.00 to $240.00 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-five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $245.81.

Amazon.com Trading Up 2.8%

Shares of AMZN traded up $6.18 during trading hours on Friday, hitting $223.30. The stock had a trading volume of 119,060,979 shares, compared to its average volume of 42,289,243. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.60 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company's fifty day simple moving average is $201.25 and its 200 day simple moving average is $209.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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 value of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

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.