WestEnd Advisors LLC Has $42.32 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

WestEnd Advisors LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,428 shares of the e-commerce giant's stock after selling 11,641 shares during the quarter. Amazon.com comprises 1.1% of WestEnd Advisors LLC's investment portfolio, making the stock its 23rd largest holding. WestEnd Advisors LLC's holdings in Amazon.com were worth $42,319,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tallon Kerry Patrick bought a new stake in Amazon.com in the fourth quarter valued at $800,000. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Amazon.com in the fourth quarter worth $301,650,000. Finally, Revolve Wealth Partners LLC boosted its stake in Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 733,195 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the transaction, the insider owned 894,546,706 shares in the company, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN opened at $227.47 on Wednesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.41 trillion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.71 and a beta of 1.33. The business has a 50 day moving average of $213.50 and a 200-day moving average of $208.51. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 24.14% and a net margin of 10.14%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMZN. Robert W. Baird boosted their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday. Moffett Nathanson upped their price target on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Wedbush reaffirmed an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Citigroup increased their target price on Amazon.com from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their target price on Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $253.98.

Amazon.com 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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