Curbstone Financial Management Corp Sells 2,248 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Curbstone Financial Management Corp decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,310 shares of the e-commerce giant’s stock after selling 2,248 shares during the quarter. Amazon.com makes up 1.4% of Curbstone Financial Management Corp’s holdings, making the stock its 15th largest holding. Curbstone Financial Management Corp’s holdings in Amazon.com were worth $6,766,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Towerpoint Wealth LLC raised its stake in Amazon.com by 19.0% during the 1st quarter. Towerpoint Wealth LLC now owns 2,201 shares of the e-commerce giant’s stock valued at $397,000 after purchasing an additional 352 shares during the period. Vanguard Capital Wealth Advisors grew its holdings in Amazon.com by 6.5% during the 1st quarter. Vanguard Capital Wealth Advisors now owns 61,025 shares of the e-commerce giant’s stock valued at $11,008,000 after buying an additional 3,720 shares in the last quarter. Investment Partners LTD. raised its position in shares of Amazon.com by 2.5% during the first quarter. Investment Partners LTD. now owns 5,806 shares of the e-commerce giant’s stock valued at $1,047,000 after buying an additional 144 shares during the last quarter. Sunburst Financial Group LLC lifted its holdings in shares of Amazon.com by 2.9% in the first quarter. Sunburst Financial Group LLC now owns 8,291 shares of the e-commerce giant’s stock worth $1,500,000 after buying an additional 231 shares in the last quarter. Finally, Tarbox Family Office Inc. boosted its position in shares of Amazon.com by 17.6% during the first quarter. Tarbox Family Office Inc. now owns 8,995 shares of the e-commerce giant’s stock worth $1,623,000 after acquiring an additional 1,349 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Evercore ISI reiterated an “outperform” rating and issued a $240.00 price target on shares of Amazon.com in a report on Friday, October 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Tuesday, October 15th. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Roth Mkm raised their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Bank of America decreased their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.76.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,855 shares of company stock valued at $9,215,048. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $192.73 on Thursday. The company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 46.11, a PEG ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $131.71 and a 12-month high of $201.20. The business’s fifty day simple moving average is $184.20 and its 200-day simple moving average is $183.64.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal 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.