Woodmont Investment Counsel LLC Sells 1,689 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Woodmont Investment Counsel LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,958 shares of the e-commerce giant's stock after selling 1,689 shares during the quarter. Woodmont Investment Counsel LLC's holdings in Amazon.com were worth $3,226,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMZN. Tallon Kerry Patrick bought a new stake in Amazon.com in the 4th quarter valued at $800,000. Capital & Planning LLC boosted its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after purchasing an additional 1,635 shares during the period. LaFleur & Godfrey LLC lifted its position in shares of Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after acquiring an additional 860 shares during the period. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Amazon.com during the 4th quarter valued at $301,650,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMZN shares. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Jefferies Financial Group cut their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Rosenblatt Securities upped their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Scotiabank lowered their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Three equities research 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. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $249.42.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm'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 document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the completion of the transaction, the insider owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.2%

Shares of NASDAQ:AMZN traded up $2.76 during midday trading on Friday, hitting $225.02. 50,481,094 shares of the company's stock were exchanged, compared to its average volume of 42,089,069. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a 50 day moving average price of $209.90 and a 200-day moving average price of $208.63. The company has a market cap of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.67 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.