Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Selway Asset Management

Selway Asset Management reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,395 shares of the e-commerce giant’s stock after selling 975 shares during the quarter. Amazon.com makes up approximately 2.8% of Selway Asset Management’s portfolio, making the stock its 9th largest position. Selway Asset Management’s holdings in Amazon.com were worth $6,926,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. American National Bank boosted its holdings in shares of Amazon.com by 8.0% during the first quarter. American National Bank now owns 202,648 shares of the e-commerce giant’s stock worth $36,554,000 after purchasing an additional 14,925 shares during the period. Legacy Financial Strategies LLC boosted its holdings in shares of Amazon.com by 6.5% during the first quarter. Legacy Financial Strategies LLC now owns 9,170 shares of the e-commerce giant’s stock worth $1,654,000 after purchasing an additional 561 shares during the period. Compass Financial Group INC SD boosted its holdings in shares of Amazon.com by 4.0% during the first quarter. Compass Financial Group INC SD now owns 3,054 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 118 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in shares of Amazon.com by 0.8% during the first quarter. KMG Fiduciary Partners LLC now owns 170,616 shares of the e-commerce giant’s stock worth $30,776,000 after purchasing an additional 1,383 shares during the period. Finally, Lantz Financial LLC lifted its stake in Amazon.com by 0.5% in the first quarter. Lantz Financial LLC now owns 27,947 shares of the e-commerce giant’s stock valued at $5,041,000 after acquiring an additional 128 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AMZN shares. Evercore ISI lifted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Mizuho lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Tigress Financial lifted their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Argus lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Telsey Advisory Group lifted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $215.37.

Amazon.com Trading Up 1.6 %

Shares of Amazon.com stock opened at $189.08 on Friday. The stock has a market capitalization of $1.97 trillion, a P/E ratio of 52.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. 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 company has a 50-day simple moving average of $182.78 and a 200 day simple moving average of $171.54. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. 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 firm earned $0.31 EPS. The company’s revenue was up 12.5% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold a total of 65,338 shares of company stock valued at $11,894,344 in the last 90 days. 10.80% of the stock is currently owned by insiders.

About Amazon.com

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.