Amazon.com, Inc. (NASDAQ:AMZN) Position Trimmed by Accredited Investors Inc.

Accredited Investors Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,989 shares of the e-commerce giant’s stock after selling 4,901 shares during the period. Amazon.com makes up approximately 3.7% of Accredited Investors Inc.’s portfolio, making the stock its 8th largest position. Accredited Investors Inc.’s holdings in Amazon.com were worth $63,621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth $27,000. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc lifted its stake in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the fourth quarter valued at $51,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.8 %

Shares of Amazon.com stock opened at $192.08 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market capitalization of $2.04 trillion, a P/E ratio of 34.73, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $188.71 and a 200 day moving average of $207.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 5,848 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. This represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Raymond James restated an “outperform” rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Mizuho dropped their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Maxim Group lifted their price target on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Morgan Stanley cut their price objective on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.09.

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.