Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 11.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 564,607 shares of the e-commerce giant’s stock after selling 72,882 shares during the period. Amazon.com makes up 1.1% of Oppenheimer & Co. Inc.’s holdings, making the stock its 4th biggest holding. Oppenheimer & Co. Inc.’s holdings in Amazon.com were worth $47,427,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMZN. State Street Corp grew its holdings in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Amazon.com by 1,909.7% in the second quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock valued at $4,219,876,000 after purchasing an additional 37,754,468 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 10,760 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the transaction, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at approximately $16,562,739.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Brian T. Olsavsky sold 16,760 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $4,667,250. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 10,760 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the sale, the chief executive officer now owns 150,120 shares in the company, valued at $16,562,739.60. The disclosure for this sale can be found here. Insiders have sold a total of 61,019 shares of company stock valued at $6,053,511 in the last ninety days. 12.30% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $116.25 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The stock has a market capitalization of $1.19 trillion, a P/E ratio of 276.79, a P/E/G ratio of 4.11 and a beta of 1.26. The company’s fifty day moving average is $103.63 and its two-hundred day moving average is $97.07. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMZN. Susquehanna lifted their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, February 3rd. DA Davidson lifted their price target on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Evercore ISI decreased their price target on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Credit Suisse Group decreased their price target on shares of Amazon.com from $150.00 to $140.00 in a research note on Tuesday, April 25th. Finally, Robert W. Baird lifted their price target on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $143.12.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.