Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Sonata Capital Group Inc.

Sonata Capital Group Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,085 shares of the e-commerce giant’s stock after selling 5,300 shares during the period. Amazon.com comprises approximately 2.3% of Sonata Capital Group Inc.’s investment portfolio, making the stock its 13th biggest position. Sonata Capital Group Inc.’s holdings in Amazon.com were worth $4,207,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. Kavar Capital Partners Group LLC raised its position in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp raised its position in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its position in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $116.75 on Thursday. The firm has a market capitalization of $1.20 trillion, a P/E ratio of 277.98, a P/E/G ratio of 4.00 and a beta of 1.26. The company’s fifty day moving average price is $104.89 and its 200 day moving average price is $97.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Tigress Financial reiterated a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a report on Thursday, February 9th. Robert W. Baird increased their price objective on shares of Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Morgan Stanley increased their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a report on Wednesday, April 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.12.

Insider Activity

In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now owns 137,300 shares of the company’s stock, valued at $13,959,291. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 75,144 shares of company stock valued at $8,405,887 over the last quarter. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Company 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.