Washburn Capital Management Inc. Sells 155 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Washburn Capital Management Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% during the first quarter, Holdings Channel reports. The institutional investor owned 1,206 shares of the e-commerce giant’s stock after selling 155 shares during the period. Amazon.com makes up 2.5% of Washburn Capital Management Inc.’s portfolio, making the stock its 9th biggest holding. Washburn Capital Management Inc.’s holdings in Amazon.com were worth $3,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Itau Unibanco Holding S.A. lifted its stake in shares of Amazon.com by 106,580.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 7,555,096 shares of the e-commerce giant’s stock valued at $13,483,000 after purchasing an additional 7,548,014 shares in the last quarter. Morgan Stanley lifted its stake in shares of Amazon.com by 28.3% in the 4th quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock valued at $20,364,676,000 after purchasing an additional 1,377,328 shares in the last quarter. Norges Bank acquired a new position in shares of Amazon.com in the 4th quarter valued at about $14,877,308,000. Nuveen Asset Management LLC lifted its stake in shares of Amazon.com by 2.0% in the 4th quarter. Nuveen Asset Management LLC now owns 3,278,721 shares of the e-commerce giant’s stock valued at $10,678,564,000 after purchasing an additional 65,371 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Amazon.com by 4.1% in the 4th quarter. Jennison Associates LLC now owns 2,911,025 shares of the e-commerce giant’s stock valued at $9,481,005,000 after purchasing an additional 115,881 shares in the last quarter. 56.39% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on AMZN shares. Pivotal Research lifted their price objective on Amazon.com from $4,500.00 to $4,650.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Evercore ISI lifted their price objective on Amazon.com from $4,000.00 to $4,500.00 and gave the company an “outperform” rating in a research note on Friday, April 30th. UBS Group raised their target price on Amazon.com from $4,150.00 to $4,350.00 and gave the company a “buy” rating in a report on Thursday, May 6th. MKM Partners raised their target price on Amazon.com from $3,975.00 to $4,075.00 in a report on Friday, April 30th. Finally, Credit Suisse Group raised their target price on Amazon.com from $3,950.00 to $4,000.00 and gave the company an “outperform” rating in a report on Thursday, May 6th. Two investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $4,161.32.

Shares of AMZN stock opened at $3,222.90 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11. Amazon.com, Inc. has a 1 year low of $2,330.00 and a 1 year high of $3,554.00. The stock has a fifty day moving average of $3,286.88 and a two-hundred day moving average of $3,203.04. The firm has a market capitalization of $1.63 trillion, a PE ratio of 94.37, a price-to-earnings-growth ratio of 2.37 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, April 28th. The e-commerce giant reported $15.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.54 by $6.25. The business had revenue of $108.52 billion during the quarter, compared to analyst estimates of $105.23 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. Equities research analysts predict that Amazon.com, Inc. will post 34.59 earnings per share for the current fiscal year.

In other news, CEO David H. Clark sold 278 shares of the company’s stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $3,506.80, for a total value of $974,890.40. Following the completion of the sale, the chief executive officer now owns 1,174 shares in the company, valued at $4,116,983.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David H. Clark sold 1,019 shares of the company’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the completion of the sale, the chief executive officer now owns 1,452 shares of the company’s stock, valued at approximately $4,730,441.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,495 shares of company stock valued at $440,950,967. Insiders own 16.10% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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