Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by Carlson Capital Management

Carlson Capital Management decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 58.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,197 shares of the e-commerce giant’s stock after selling 12,988 shares during the quarter. Carlson Capital Management’s holdings in Amazon.com were worth $1,659,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after acquiring an additional 13,134,632 shares in the last quarter. FMR LLC boosted its position in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Norges Bank acquired a new position in Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Northern Trust Corp raised its position in shares of 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 valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after buying an additional 1,389,503 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

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

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JMP Securities reiterated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Monness Crespi & Hardt boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus raised their target price on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Wednesday, May 15th. Finally, DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $215.74.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold a total of 65,338 shares of company stock worth $11,894,344 over the last 90 days. Insiders own 10.80% of the company’s stock.

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.