Fermata Advisors LLC Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Fermata Advisors LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 16,054 shares of the e-commerce giant’s stock after selling 238 shares during the period. Fermata Advisors LLC’s holdings in Amazon.com were worth $3,102,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $30,000. Strid Group LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC boosted its position in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares in the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $46,000. Finally, Steph & Co. bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.5 %

AMZN stock opened at $177.04 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The firm’s fifty day simple moving average is $183.78 and its two-hundred day simple moving average is $180.98.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, analysts anticipate that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Roth Mkm boosted their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. TD Securities upped their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. UBS Group upped their price objective on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Telsey Advisory Group upped their price objective on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $221.69.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. Insiders have sold 6,107,817 shares of company stock worth $1,221,241,837 over the last quarter. Insiders own 10.80% of the company’s stock.

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.