Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,240 shares of the e-commerce giant’s stock after selling 845 shares during the quarter. Amazon.com makes up about 1.1% of Global Trust Asset Management LLC’s holdings, making the stock its 19th biggest position. Global Trust Asset Management LLC’s holdings in Amazon.com were worth $2,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC increased its stake in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMZN shares. Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Bank of America increased their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer boosted their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $215.74.

Read Our Latest Stock Report on AMZN

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, 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 is available at the SEC website. In other Amazon.com news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s 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 sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock worth $11,894,344 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 3.9 %

Shares of NASDAQ:AMZN opened at $193.61 on Thursday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $194.80. The stock has a 50-day simple moving average of $182.88 and a 200-day simple moving average of $172.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 54.23, a PEG ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) 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 return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Amazon.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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