Financial Management Professionals Inc. Sells 1,388 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Financial Management Professionals Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,946 shares of the e-commerce giant’s stock after selling 1,388 shares during the period. Financial Management Professionals Inc.’s holdings in Amazon.com were worth $1,614,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new stake in Amazon.com during the fourth quarter worth about $17,700,551,000. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. Global Assets Advisory LLC raised its stake in shares of Amazon.com by 30,350.2% in the first 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 purchasing an additional 6,510,119 shares in the last quarter. Finally, Northern Trust Corp lifted its position in 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 worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.2 %

NASDAQ:AMZN opened at $197.59 on Friday. The business’s 50-day simple moving average is $185.10 and its 200-day simple moving average is $174.15. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $200.43. 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 has a market capitalization of $2.06 trillion, a PE ratio of 55.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated 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 directly owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com 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 sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,548 shares of company stock worth $12,774,204. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMZN shares. Stifel Nicolaus boosted their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Mizuho boosted 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. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Bank of America upped their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $215.86.

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.