Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Oak Grove Capital LLC

Oak Grove Capital LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 90.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,760 shares of the e-commerce giant’s stock after selling 25,140 shares during the quarter. Oak Grove Capital LLC’s holdings in Amazon.com were worth $232,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 21,925 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total value of $2,529,487.25. Following the transaction, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at $230,472,456.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $13,846,568. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,144 shares of company stock valued at $8,405,887. Corporate insiders own 12.30% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Barclays cut their price objective on Amazon.com from $150.00 to $140.00 in a report on Friday, April 28th. Susquehanna increased their price objective on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Friday, February 3rd. Bank of America increased their price objective on Amazon.com from $135.00 to $139.00 in a report on Friday, April 28th. Benchmark increased their price objective on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Amazon.com in a research report on Wednesday, April 12th. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Trading Down 1.5 %

NASDAQ:AMZN opened at $115.00 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 273.81, a PEG ratio of 4.00 and a beta of 1.26. The firm has a fifty day simple moving average of $105.19 and a two-hundred day simple moving average of $97.67. 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 posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. Analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

About Amazon.com

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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.