Charles Schwab Trust Co Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Charles Schwab Trust Co lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 26.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,669 shares of the e-commerce giant’s stock after selling 3,502 shares during the quarter. Charles Schwab Trust Co’s holdings in Amazon.com were worth $1,744,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AMZN. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Finally, Global Assets Advisory LLC increased its holdings in Amazon.com by 30,350.2% during the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after acquiring an additional 6,510,119 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,338 shares of company stock worth $11,894,344. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 2.2 %

Shares of NASDAQ:AMZN opened at $197.85 on Friday. The company’s fifty day moving average is $183.13 and its two-hundred day moving average is $172.43. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $199.84.

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

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Raymond James raised their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Tigress Financial raised their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Wednesday, May 15th. Mizuho raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $215.74.

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.