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

Opinicus Capital Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,591 shares of the e-commerce giant’s stock after selling 477 shares during the period. Amazon.com makes up 2.8% of Opinicus Capital Inc.’s holdings, making the stock its 8th largest position. Opinicus Capital Inc.’s holdings in Amazon.com were worth $3,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $43,000. Harbor Investment Advisory LLC raised its position 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 purchasing an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $46,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. BMO Capital Markets boosted their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Morgan Stanley boosted their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Citigroup boosted their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. Finally, Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $215.86.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly 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 the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly 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 the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. 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 three months. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.2 %

Amazon.com stock opened at $197.59 on Friday. The stock has a market cap of $2.06 trillion, a price-to-earnings ratio of 55.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $185.10 and a two-hundred day moving average price of $174.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $200.43.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

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.