Sentry Investment Management LLC Sells 2,523 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sentry Investment Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,873 shares of the e-commerce giant’s stock after selling 2,523 shares during the quarter. Amazon.com comprises 2.2% of Sentry Investment Management LLC’s investment portfolio, making the stock its 3rd biggest position. Sentry Investment Management LLC’s holdings in Amazon.com were worth $5,029,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Dohj LLC raised its stake in Amazon.com by 1.8% during the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after purchasing an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC purchased a new position in Amazon.com during the third quarter worth about $2,120,000. Veritas Asset Management LLP raised its stake in Amazon.com by 19.6% during the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after purchasing an additional 1,286,797 shares during the period. Obermeyer Wood Investment Counsel Lllp raised its stake in Amazon.com by 1.2% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after purchasing an additional 3,840 shares during the period. Finally, Sarasin & Partners LLP raised its stake in Amazon.com by 0.7% during the fourth quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after purchasing an additional 17,993 shares during the period. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.5 %

Shares of Amazon.com stock opened at $115.00 on Friday. The company has a market cap of $1.18 trillion, a P/E ratio of 273.81, a PEG 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, Inc. has a one year low of $81.43 and a one year high of $146.57. The firm has a fifty day moving average of $105.19 and a two-hundred day moving average of $97.67.

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

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 16,800 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $116.69, for a total transaction of $1,960,392.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $5,717,810. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,144 shares of company stock worth $8,405,887. 12.30% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Susquehanna boosted their price target on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $106.00 to $111.00 in a report on Friday, April 28th. DA Davidson lifted their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Finally, Bank of America lifted their price objective on shares of Amazon.com from $135.00 to $139.00 in a report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.12.

About Amazon.com

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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.