Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by Viewpoint Capital Management LLC

Viewpoint Capital Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,723 shares of the e-commerce giant’s stock after selling 40,812 shares during the period. Amazon.com makes up approximately 10.7% of Viewpoint Capital Management LLC’s holdings, making the stock its biggest holding. Viewpoint Capital Management LLC’s holdings in Amazon.com were worth $16,906,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Strid Group LLC purchased a new stake in Amazon.com during the 4th quarter valued at $43,000. Clarity Asset Management Inc. purchased a new stake in Amazon.com during the 4th quarter valued at $46,000. Finally, Steph & Co. purchased a new stake in Amazon.com during the 1st quarter valued at $65,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. JMP Securities restated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Citigroup upped their price objective on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $215.86.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The disclosure for this sale can be found here. Insiders sold a total of 69,548 shares of company stock worth $12,774,204 over the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.2 %

Shares of NASDAQ:AMZN opened at $197.59 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.43. The stock has a market cap of $2.06 trillion, a price-to-earnings ratio of 55.35, a PEG 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 200-day moving average price of $174.15.

Amazon.com (NASDAQ:AMZN) last announced 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. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

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.