InTrack Investment Management Inc Has $2.10 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

InTrack Investment Management Inc trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% during the first quarter, Holdings Channel reports. The firm owned 11,039 shares of the e-commerce giant’s stock after selling 2,617 shares during the period. Amazon.com comprises 1.9% of InTrack Investment Management Inc’s holdings, making the stock its 13th biggest holding. InTrack Investment Management Inc’s holdings in Amazon.com were worth $2,100,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AMZN. Rubicon Global Capital Ltd lifted its holdings in shares of Amazon.com by 13.5% during the first quarter. Rubicon Global Capital Ltd now owns 84,000 shares of the e-commerce giant’s stock valued at $15,982,000 after acquiring an additional 10,000 shares during the period. Donaldson Capital Management LLC lifted its holdings in Amazon.com by 2.9% during the 1st quarter. Donaldson Capital Management LLC now owns 73,215 shares of the e-commerce giant’s stock valued at $13,930,000 after purchasing an additional 2,053 shares during the last quarter. EdgeRock Capital LLC grew its stake in Amazon.com by 2.2% during the first quarter. EdgeRock Capital LLC now owns 11,267 shares of the e-commerce giant’s stock worth $2,144,000 after buying an additional 240 shares during the last quarter. Foresight Capital Management Advisors Inc. grew its stake in Amazon.com by 1.4% during the first quarter. Foresight Capital Management Advisors Inc. now owns 13,838 shares of the e-commerce giant’s stock worth $2,633,000 after buying an additional 189 shares during the last quarter. Finally, Ellenbecker Investment Group increased its holdings in shares of Amazon.com by 5.8% during the first quarter. Ellenbecker Investment Group now owns 8,500 shares of the e-commerce giant’s stock worth $1,617,000 after buying an additional 467 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on AMZN shares. Rosenblatt Securities boosted their target price on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Benchmark reissued a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Moffett Nathanson increased their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI cut their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.64.

Amazon.com Trading Up 2.4%

NASDAQ AMZN opened at $217.12 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $2.31 trillion, a P/E ratio of 35.36, a P/E/G ratio of 1.60 and a beta of 1.33. The stock’s 50-day moving average is $201.25 and its 200-day moving average is $209.02.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

About Amazon.com

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.