Victory Capital Management Inc. Sells 79,830 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Victory Capital Management Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,090,193 shares of the e-commerce giant’s stock after selling 79,830 shares during the quarter. Amazon.com comprises approximately 1.4% of Victory Capital Management Inc.’s investment portfolio, making the stock its 4th biggest position. Victory Capital Management Inc.’s holdings in Amazon.com were worth $1,348,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Capital Management Inc. grew its position in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after purchasing an additional 45 shares during the last quarter. ETF Store Inc. boosted its stake in shares of Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after buying an additional 48 shares during the period. Talisman Wealth Advisors LLC boosted its stake in shares of Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after buying an additional 53 shares during the period. SWAN Capital LLC boosted its stake in shares of Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after buying an additional 55 shares during the period. Finally, Lokken Investment Group LLC boosted its stake in shares of Amazon.com by 1.5% in the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock valued at $848,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $224.66 on Thursday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company’s 50 day moving average price is $220.60 and its two-hundred day moving average price is $208.72. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.40 trillion, a P/E ratio of 34.25, a P/E/G ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter last year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Westpark Capital reiterated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Jefferies Financial Group boosted their price target on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Wedbush boosted their price target on Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $262.45.

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.