Homrich & Berg Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Homrich & Berg cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,088 shares of the e-commerce giant’s stock after selling 33 shares during the quarter. Amazon.com comprises 0.3% of Homrich & Berg’s portfolio, making the stock its 26th largest holding. Homrich & Berg’s holdings in Amazon.com were worth $12,647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 1.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,834,990 shares of the e-commerce giant’s stock valued at $48,994,726,000 after purchasing an additional 199,449 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 2.2% during the first quarter. Geode Capital Management LLC now owns 6,603,212 shares of the e-commerce giant’s stock valued at $20,371,719,000 after purchasing an additional 142,586 shares in the last quarter. Morgan Stanley boosted its position in shares of Amazon.com by 28.3% during the fourth 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 bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $14,877,308,000. Finally, Nuveen Asset Management LLC boosted its position in shares of Amazon.com by 2.0% during the fourth 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. 57.03% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Andrew R. Jassy sold 848 shares of Amazon.com stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $3,245.93, for a total value of $2,752,548.64. Following the completion of the transaction, the chief executive officer now owns 84,862 shares in the company, valued at approximately $275,456,111.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David H. Clark sold 243 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 7th. The stock was sold at an average price of $3,717.29, for a total value of $903,301.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,283 shares of company stock valued at $450,104,986. Company insiders own 14.00% of the company’s stock.

Amazon.com stock traded up $44.79 during mid-day trading on Thursday, reaching $3,629.99. 75,031 shares of the company’s stock traded hands, compared to its average volume of 3,376,469. Amazon.com, Inc. has a 12-month low of $2,871.00 and a 12-month high of $3,773.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.85 and a current ratio of 1.05. The firm’s 50 day moving average price is $3,407.47. The stock has a market capitalization of $1.83 trillion, a P/E ratio of 68.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, April 28th. The e-commerce giant reported $15.79 EPS for the quarter, beating the Zacks’ consensus estimate of $9.54 by $6.25. Amazon.com had a net margin of 6.42% and a return on equity of 30.47%. The firm had revenue of $108.52 billion during the quarter, compared to the consensus estimate of $105.23 billion. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 57.32 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 24th. BMO Capital Markets boosted their target price on Amazon.com from $4,200.00 to $4,300.00 and gave the stock an “outperform” rating in a report on Friday, April 30th. Susquehanna Bancshares boosted their target price on Amazon.com from $5,200.00 to $5,500.00 and gave the stock a “positive” rating in a report on Friday, April 30th. Mizuho boosted their target price on Amazon.com from $4,000.00 to $4,400.00 and gave the stock a “buy” rating in a report on Friday, April 30th. Finally, MKM Partners boosted their target price on Amazon.com from $3,975.00 to $4,075.00 in a report on Friday, April 30th. Two research analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $4,165.46.

About Amazon.com

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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