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

Solstein Capital LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,201 shares of the e-commerce giant’s stock after selling 601 shares during the quarter. Amazon.com makes up about 2.9% of Solstein Capital LLC’s holdings, making the stock its 6th biggest position. Solstein Capital LLC’s holdings in Amazon.com were worth $4,365,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter worth $17,700,551,000. Vanguard Group Inc. grew its position 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 worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC increased 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 during the period. FMR LLC raised its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after buying an additional 12,176,114 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMZN shares. Wells Fargo & Company upped their price target on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Telsey Advisory Group boosted their price target 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. Wolfe Research increased their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Oppenheimer lifted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $211.62.

Amazon.com Trading Down 1.1 %

Shares of Amazon.com stock traded down $2.08 on Thursday, hitting $181.05. The stock had a trading volume of 33,631,896 shares, compared to its average volume of 43,328,574. The stock has a 50 day moving average of $181.87 and a 200 day moving average of $165.67. The firm has a market capitalization of $1.88 trillion, a P/E ratio of 51.25, a PEG ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $114.31 and a twelve month high of $191.70. 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 (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) 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 firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.41, for a total value of $1,721,580.90. Following the completion of the sale, the senior vice president now owns 64,210 shares in the company, valued at approximately $11,648,336.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,894 shares of company stock worth $21,363,909. Insiders own 10.80% of the company’s stock.

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.