Amazon.com, Inc. (NASDAQ:AMZN) Holdings Trimmed by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the first quarter, Holdings Channel reports. The institutional investor owned 209,640 shares of the e-commerce giant’s stock after selling 341 shares during the period. Amazon.com accounts for 1.1% of International Assets Investment Management LLC’s holdings, making the stock its 8th biggest holding. International Assets Investment Management LLC’s holdings in Amazon.com were worth $39,886,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMZN. Tallon Kerry Patrick acquired a new position in Amazon.com during the 4th quarter worth approximately $800,000. Capital & Planning LLC lifted its holdings in shares of Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after buying an additional 1,635 shares during the period. LaFleur & Godfrey LLC boosted its stake in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC grew its holdings in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in Amazon.com in the fourth quarter worth $301,650,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.3%

AMZN stock opened at $226.35 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.86, a PEG ratio of 1.69 and a beta of 1.33. The business has a fifty day simple moving average of $211.52 and a 200-day simple moving average of $208.50. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

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

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,442,187 shares of Amazon.com stock in a transaction on Monday, July 14th. The shares were sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the transaction, the insider owned 895,279,901 shares in the company, valued at $202,234,776,836.89. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,602,037 shares of company stock valued at $3,044,172,641. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Morgan Stanley upped their target price on shares of Amazon.com from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Evercore ISI reduced their price target on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, DA Davidson lowered their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $249.42.

Amazon.com Company 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.