Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Advisor Resource Council

Advisor Resource Council lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,433 shares of the e-commerce giant’s stock after selling 4,449 shares during the quarter. Amazon.com makes up approximately 0.0% of Advisor Resource Council’s holdings, making the stock its 25th largest position. Advisor Resource Council’s holdings in Amazon.com were worth $3,176,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. LVW Advisors LLC boosted its stake in Amazon.com by 4.6% during the 2nd quarter. LVW Advisors LLC now owns 39,745 shares of the e-commerce giant’s stock valued at $7,681,000 after purchasing an additional 1,755 shares during the period. Strong Tower Advisory Services boosted its position in shares of Amazon.com by 6.7% during the second quarter. Strong Tower Advisory Services now owns 58,445 shares of the e-commerce giant’s stock worth $11,294,000 after buying an additional 3,672 shares during the period. Pavion Blue Capital LLC boosted its position in shares of Amazon.com by 1.9% during the second quarter. Pavion Blue Capital LLC now owns 24,595 shares of the e-commerce giant’s stock worth $4,753,000 after buying an additional 470 shares during the period. Guardian Asset Advisors LLC grew its holdings in Amazon.com by 0.4% in the 2nd quarter. Guardian Asset Advisors LLC now owns 44,507 shares of the e-commerce giant’s stock worth $8,601,000 after buying an additional 163 shares in the last quarter. Finally, Chatham Capital Group Inc. raised its stake in Amazon.com by 2.6% during the 2nd quarter. Chatham Capital Group Inc. now owns 5,846 shares of the e-commerce giant’s stock valued at $1,130,000 after acquiring an additional 147 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders sold 6,107,817 shares of company stock valued at $1,221,241,837 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMZN. Piper Sandler decreased their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Tigress Financial raised their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Loop Capital upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Finally, Telsey Advisory Group boosted their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $221.36.

Amazon.com Stock Down 1.4 %

Amazon.com stock opened at $173.12 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The firm’s fifty day simple moving average is $183.61 and its 200-day simple moving average is $181.09. The company has a market capitalization of $1.80 trillion, a P/E ratio of 48.49, a P/E/G ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. Sell-side analysts forecast that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.