Bruce G. Allen Investments LLC reduces position in Amazon.com, Inc. (NASDAQ:AMZN)

Bruce G. Allen Investments LLC reduced its holdings in Amazon.com, Inc., according to its latest Form 13F filing with the SEC. (NASDAQ:AMZN – Free Report) up 39.9% in the first quarter. The company owned 227 shares of the e-commerce giant after selling 151 shares during the quarter. At the end of the last quarter, Bruce G. Allen Investments LLC’s stock in Amazon.com was worth $41,000.

Several other hedge funds and other institutional investors have also recently adjusted their holdings in AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC purchased a new position in Amazon.com during the fourth quarter worth approximately $43,000. Harbor Investment Advisory LLC increased its holdings in 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 valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. purchased a new position on Amazon.com during the fourth quarter worth approximately $46,000. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

AMZN has been the subject of several reports from research analysts. JMP Securities reissued a market outperform rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Tigress Financial raised their target price on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday. Moffett Nathanson maintained a “buy” rating on the stock and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Finally, Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-three rated the company’s shares with a buy rating, and one gave a strong buy rating to the company’s shares. Based on data from MarketBeat.com, the company’s average rating is “Buy” and its average price target is $215.37.

View our latest stock report on Amazon.com

Amazon.com turnover increase by 1.6%

AMZN stock opened at $189.08 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.31 and a beta of 1.14. The company’s 50-day moving average is $182.78 and its 200-day moving average is $171.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped 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 company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. During the same period last year, the company saw an EPS of $0.31. Amazon.com revenues increased 12.5% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post an average of 4.72 EPS in the current fiscal year.

Buying and selling confidential information

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction amount of $3,771,048.96. Following the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a legal document filed with the SEC, which is available on the SEC’s website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction amount of $3,771,048.96. Following the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a legal document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the CEO now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The announcement of this sale can be found here. Over the last three months, insiders sold 65,338 shares of company stock worth $11,894,344. Insiders own 10.80% of the company’s shares.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Wall Street analysts predict growth

Amazon.com turnover increase by 1.6%

Buying and selling confidential information

Amazon.com company profile

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