Creekmur Asset Management LLC Sells 3,862 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Creekmur Asset Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 16.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,877 shares of the e-commerce giant’s stock after selling 3,862 shares during the period. Amazon.com makes up 0.8% of Creekmur Asset Management LLC’s holdings, making the stock its 17th largest position. Creekmur Asset Management LLC’s holdings in Amazon.com were worth $3,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Amazon.com in the fourth quarter worth $27,266,582,000. GAMMA Investing LLC increased its holdings in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Finally, Capital International Investors boosted its position in Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $231.03 on Friday. The stock has a 50 day moving average of $221.41 and a two-hundred day moving average of $208.64. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a market capitalization of $2.46 trillion, a P/E ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31.

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

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Morgan Stanley reiterated an “overweight” rating and set a $300.00 target price on shares of Amazon.com in a research report on Thursday. Barclays upped their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Jefferies Financial Group boosted their price target on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $262.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares in the company, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last three months. Insiders own 9.70% of the company’s stock.

Amazon.com 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.