Donaldson Capital Management LLC Sells 7,081 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Donaldson Capital Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,925 shares of the e-commerce giant’s stock after selling 7,081 shares during the period. Donaldson Capital Management LLC’s holdings in Amazon.com were worth $5,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the first quarter valued at $228,000. Krane Funds Advisors LLC lifted its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter valued at $258,000. My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter valued at $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $191,000. 57.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 21,925 shares of the company’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 completion of the sale, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brian T. Olsavsky sold 16,800 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $116.69, for a total value of $1,960,392.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $5,717,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the sale, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock valued at $8,405,887 in the last quarter. Corporate insiders own 12.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Barclays cut their price target on shares of Amazon.com from $150.00 to $140.00 in a report on Friday, April 28th. Oppenheimer cut their price target on shares of Amazon.com from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th. UBS Group boosted their price target on shares of Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Amazon.com in a report on Thursday, April 20th. Finally, Robert W. Baird boosted their price target on shares of Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.12.

Amazon.com Price Performance

AMZN stock opened at $115.00 on Friday. 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 one year low of $81.43 and a one year high of $146.57. The stock has a market cap of $1.18 trillion, a PE ratio of 273.81, a P/E/G ratio of 4.00 and a beta of 1.26. The firm has a 50 day simple moving average of $105.19 and a two-hundred day simple moving average of $97.67.

Amazon.com (NASDAQ:AMZN – Get Rating) last released 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. 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 during the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

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.