Ifrah Financial Services Inc. sells 99 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest filing with the Securities and Exchange Commission, Ifrah Financial Services Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) up 1.3% in the fourth quarter. The fund owned 7,795 shares of the e-commerce giant after selling 99 shares during the period. At the end of the last reporting period, the value of shares of Ifrah Financial Services Inc. on Amazon.com was $1,184,000.

Other institutional investors and hedge funds also bought and sold the company’s shares. In the third quarter, Vanguard Group Inc. increased its shares in Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. FMR LLC increased its position in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Jennison Associates LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Finally, in the third quarter, Charles Schwab Investment Management Inc. increased its shares in Amazon.com by 2.8%. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Confidential activity

In related news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a legal document filed with the Securities and Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. Additionally, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of USD 180.00, for a total transaction amount of USD 9,000,000.00. Following the completion of the transaction, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 117,894 shares of company stock worth $21,363,909. Insiders own 10.80% of the company’s shares.

Amazon.com shares fell 0.2%

On Friday, AMZN opened at $180.75. Amazon.com, Inc. it has a twelve month low of $114.31 and a twelve month high of $191.70. The company’s 50-day moving average is $182.04 and its two-hundred-day moving average is $166.22. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 50.63, a PEG ratio of 1.30 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.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. During the same quarter last year, the company saw an EPS of $0.31. Amazon.com revenues increased 12.5% year-over-year. Stock analysts expect that as a group, Amazon.com, Inc. will see 4.72 earnings per share for the current year.

Analysts set new price targets

AMZN has been the subject of numerous reports from research analysts. Evercore ISI raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Wolfe Research increased their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Bank of America increased their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Oppenheimer upped their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst rated the company’s shares with a hold rating, forty-four rated the company’s shares with a buy rating, and one gave a strong buy rating to the company’s shares. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a price target of $211.62.

Read our latest stock analysis on Amazon.com

About Amazon.com

(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.

Confidential activity

Amazon.com shares fell 0.2%

Analysts set new price targets

About Amazon.com

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