Grimes & Company Inc. Sells 332 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Grimes & Company Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,550 shares of the e-commerce giant’s stock after selling 332 shares during the period. Grimes & Company Inc.’s holdings in Amazon.com were worth $21,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullinan Associates Inc. increased its holdings in shares of Amazon.com by 1.8% in the third quarter. Cullinan Associates Inc. now owns 150,234 shares of the e-commerce giant’s stock worth $19,098,000 after buying an additional 2,624 shares during the period. Ronald Blue Trust Inc. increased its stake in Amazon.com by 9.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 42,605 shares of the e-commerce giant’s stock worth $5,554,000 after purchasing an additional 3,508 shares during the period. Platte River Wealth Advisors LLC increased its stake in Amazon.com by 18.3% in the 3rd quarter. Platte River Wealth Advisors LLC now owns 7,322 shares of the e-commerce giant’s stock worth $931,000 after purchasing an additional 1,132 shares during the period. 626 Financial LLC lifted its position in Amazon.com by 6.2% in the third quarter. 626 Financial LLC now owns 28,078 shares of the e-commerce giant’s stock valued at $3,569,000 after purchasing an additional 1,647 shares during the last quarter. Finally, CFM Wealth Partners LLC boosted its stake in shares of Amazon.com by 2.1% during the third quarter. CFM Wealth Partners LLC now owns 97,358 shares of the e-commerce giant’s stock valued at $12,376,000 after purchasing an additional 2,007 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JMP Securities upped their price objective on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Bank of America raised their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley upped their price target on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada increased their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $202.80.

Amazon.com Stock Performance

Shares of AMZN opened at $177.23 on Tuesday. The company has a market cap of $1.84 trillion, a price-to-earnings ratio of 61.11, a P/E/G ratio of 1.52 and a beta of 1.17. The business’s fifty day simple moving average is $177.38 and its two-hundred day simple moving average is $157.63. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the firm posted $0.21 earnings per share. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal 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.