Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Trail Ridge Investment Advisors LLC

Trail Ridge Investment Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,773 shares of the e-commerce giant’s stock after selling 514 shares during the period. Amazon.com makes up about 2.1% of Trail Ridge Investment Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Trail Ridge Investment Advisors LLC’s holdings in Amazon.com were worth $3,460,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMZN. Secured Retirement Advisors LLC acquired a new stake in Amazon.com during the 4th quarter valued at $426,000. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Amazon.com during the fourth quarter valued at $46,504,000. CMG Global Holdings LLC boosted its stake in shares of Amazon.com by 10.3% during the fourth quarter. CMG Global Holdings LLC now owns 22,426 shares of the e-commerce giant’s stock valued at $3,407,000 after acquiring an additional 2,099 shares during the last quarter. Childress Capital Advisors LLC increased its position in Amazon.com by 1.9% during the 4th quarter. Childress Capital Advisors LLC now owns 28,860 shares of the e-commerce giant’s stock worth $4,385,000 after purchasing an additional 525 shares in the last quarter. Finally, Oarsman Capital Inc. lifted its holdings in Amazon.com by 15.2% in the 4th quarter. Oarsman Capital Inc. now owns 17,719 shares of the e-commerce giant’s stock valued at $2,692,000 after purchasing an additional 2,339 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN traded down $1.43 during midday trading on Friday, hitting $182.40. 9,072,509 shares of the stock traded hands, compared to its average volume of 41,780,520. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The business’s 50 day moving average price is $182.95 and its two-hundred day moving average price is $169.78. The firm has a market capitalization of $1.90 trillion, a PE ratio of 51.21, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the transaction, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. Insiders sold 65,838 shares of company stock valued at $11,984,344 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMZN shares. Barclays lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI boosted their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Wednesday, May 15th. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $213.82.

Check Out Our Latest Research Report on AMZN

About Amazon.com

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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