Total Investment Management Inc. Sells 116 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Total Investment Management Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,139 shares of the e-commerce giant’s stock after selling 116 shares during the quarter. Amazon.com comprises about 0.2% of Total Investment Management Inc.’s investment portfolio, making the stock its 24th largest holding. Total Investment Management Inc.’s holdings in Amazon.com were worth $1,288,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMZN. Norges Bank bought a new position in Amazon.com during the fourth quarter worth about $17,700,551,000. Vanguard Group Inc. increased its holdings in 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 buying an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its holdings in 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 buying an additional 23,717,254 shares during the period. Global Assets Advisory LLC increased its holdings in Amazon.com by 30,350.2% in 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 buying an additional 6,510,119 shares during the period. Finally, Northern Trust Corp increased its holdings in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after buying an additional 3,260,411 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 1.2 %

NASDAQ:AMZN opened at $197.59 on Friday. The firm’s fifty day moving average is $185.10 and its 200-day moving average is $174.15. 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 52 week low of $118.35 and a 52 week high of $200.43. The firm 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.

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

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a 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 business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold 69,548 shares of company stock worth $12,774,204 in the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Roth Mkm reissued a “buy” rating and issued a $210.00 target price (up from $205.00) 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. Truist Financial raised their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Telsey Advisory Group raised their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $215.86.

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.