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

Oak Grove Capital LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 90.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,760 shares of the e-commerce giant’s stock after selling 25,140 shares during the period. Oak Grove Capital LLC’s holdings in Amazon.com were worth $232,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kavar Capital Partners Group LLC raised its holdings in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp raised its holdings in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its holdings in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.5 %

NASDAQ:AMZN opened at $115.00 on Friday. The business’s 50-day simple moving average is $105.19 and its 200 day simple moving average is $97.67. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.81, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Credit Suisse Group reduced their price objective on Amazon.com from $150.00 to $140.00 in a report on Tuesday, April 25th. Susquehanna boosted their price target on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a report on Wednesday, April 12th. Mizuho boosted their price target on Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Finally, UBS Group boosted their price target on Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.12.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now owns 137,300 shares in the company, valued at $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total value of $50,835.00. Following the completion of the transaction, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at $13,959,291. The disclosure for this sale can be found here. Insiders have sold 75,144 shares of company stock worth $8,405,887 over the last quarter. 12.30% of the stock is owned by corporate insiders.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.