Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Tsfg LLC

Tsfg LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,131 shares of the e-commerce giant’s stock after selling 2,656 shares during the quarter. Amazon.com comprises about 1.7% of Tsfg LLC’s portfolio, making the stock its 17th biggest holding. Tsfg LLC’s holdings in Amazon.com were worth $6,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of AMZN. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after acquiring an additional 13,134,632 shares during the period. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth about $17,700,551,000. Northern Trust Corp boosted its stake in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Jennison Associates LLC grew its holdings in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Amazon.com by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after buying an additional 1,525,922 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMZN shares. Tigress Financial raised their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Roth Mkm reissued a “buy” rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a report on Monday. Mizuho lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Moffett Nathanson restated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $215.86.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.41, for a total value of $1,721,580.90. Following the completion of the sale, the senior vice president now owns 64,210 shares in the company, valued at $11,648,336.10. The disclosure for this sale can be found here. Insiders have sold a total of 69,548 shares of company stock worth $12,774,204 in the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $197.59 on Thursday. The stock’s 50-day moving average price is $184.68 and its 200 day moving average price is $173.98. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.06 trillion, a PE ratio of 55.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.43.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the business posted $0.31 EPS. The company’s revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

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.