Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Trevian Wealth Management LLC

Trevian Wealth Management LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,874 shares of the e-commerce giant’s stock after selling 120 shares during the quarter. Amazon.com makes up about 7.6% of Trevian Wealth Management LLC’s holdings, making the stock its 4th largest position. Trevian Wealth Management LLC’s holdings in Amazon.com were worth $1,522,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $30,000. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $43,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth about $46,000. Steph & Co. acquired a new stake in shares of Amazon.com during the first quarter worth about $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the first quarter worth about $69,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $170.80 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 47.84, a P/E/G ratio of 1.32 and a beta of 1.15. The company’s fifty day moving average is $183.41 and its two-hundred day moving average is $181.08. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping 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 net margin of 7.35% and a return on equity of 22.35%. Equities research analysts forecast that Amazon.com, Inc. will post 4.73 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 6,107,817 shares of company stock worth $1,221,241,837 in the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. BMO Capital Markets raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Needham & Company LLC raised their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, UBS Group raised their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $221.36.

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.