Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by West Oak Capital LLC

West Oak Capital LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,170 shares of the e-commerce giant's stock after selling 1,635 shares during the quarter. Amazon.com makes up 1.7% of West Oak Capital LLC's investment portfolio, making the stock its 13th biggest holding. West Oak Capital LLC's holdings in Amazon.com were worth $4,408,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Cable Hill Partners LLC increased its stake 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 valued at $2,104,000 after purchasing an additional 44 shares in the last quarter. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Northern Capital Management Inc. grew its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after buying an additional 45 shares during the last quarter. White Wing Wealth Management grew its holdings in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after buying an additional 47 shares during the last quarter. Finally, Balanced Wealth Group LLC grew its holdings in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after buying an additional 48 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 2.8%

Amazon.com stock traded up $6.18 during midday trading on Friday, hitting $223.30. The stock had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.37 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business has a fifty day moving average price of $202.26 and a 200 day moving average price of $208.86.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm 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%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last three months. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Westpark Capital restated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp decreased 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. Morgan Stanley decreased their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Piper Sandler restated an "overweight" rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $245.81.

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.