Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Viewpoint Capital Management LLC

Viewpoint Capital Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,723 shares of the e-commerce giant’s stock after selling 40,812 shares during the quarter. Amazon.com accounts for 10.7% of Viewpoint Capital Management LLC’s holdings, making the stock its largest holding. Viewpoint Capital Management LLC’s holdings in Amazon.com were worth $16,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Cooksen Wealth LLC acquired a new position in Amazon.com during the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC purchased a new stake in Amazon.com during the 4th quarter worth about $43,000. Harbor Investment Advisory LLC lifted its holdings in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth about $46,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,548 shares of company stock valued at $12,774,204. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on AMZN shares. Maxim Group decreased their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. The Goldman Sachs Group lifted their price target on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Mizuho boosted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $215.86.

Amazon.com Stock Performance

AMZN opened at $197.59 on Friday. The stock has a market cap of $2.06 trillion, a P/E ratio of 55.35, a P/E/G ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $185.10 and its 200 day simple moving average is $174.15. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $200.43.

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

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.