Goldstream Capital Management Ltd Sells 8,275 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Goldstream Capital Management Ltd reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,409 shares of the e-commerce giant's stock after selling 8,275 shares during the quarter. Amazon.com comprises approximately 7.8% of Goldstream Capital Management Ltd's holdings, making the stock its 2nd largest position. Goldstream Capital Management Ltd's holdings in Amazon.com were worth $27,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc raised its holdings in shares of 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 acquiring an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC raised its holdings in shares of 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 acquiring an additional 45 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.2%

Shares of NASDAQ:AMZN traded up $0.42 during midday trading on Friday, reaching $205.59. 43,001,394 shares of the company's stock were exchanged, compared to its average volume of 41,953,777. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm's 50 day simple moving average is $189.33 and its two-hundred day simple moving average is $208.50. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the company posted $0.98 EPS. Amazon.com's revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,798 shares of company stock valued at $17,696,733. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. StockNews.com downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Scotiabank dropped their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Telsey Advisory Group reiterated 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. upped their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Oppenheimer lowered their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.09.

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.