Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,003 shares of the e-commerce giant's stock after selling 14,885 shares during the quarter. Amazon.com comprises about 1.2% of Sit Investment Associates Inc.'s holdings, making the stock its 13th biggest position. Sit Investment Associates Inc.'s holdings in Amazon.com were worth $53,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Compass Planning Associates Inc purchased a new position in Amazon.com in the 4th quarter valued at approximately $51,000. Finally, Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% during 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 during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

AMZN stock traded up $3.50 during trading on Wednesday, reaching $188.51. The company had a trading volume of 27,768,269 shares, compared to its average volume of 41,598,737. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm has a 50-day simple moving average of $189.45 and a 200-day simple moving average of $207.88.

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

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 over the last quarter. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Tuesday. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Citigroup restated an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.