Kelleher Financial Advisors Sells 105 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Kelleher Financial Advisors lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 52,826 shares of the e-commerce giant’s stock after selling 105 shares during the period. Amazon.com comprises about 4.2% of Kelleher Financial Advisors’ portfolio, making the stock its 6th largest holding. Kelleher Financial Advisors’ holdings in Amazon.com were worth $10,209,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $30,000. Clarity Asset Management Inc. acquired a new position in Amazon.com in the 4th quarter worth approximately $46,000. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Steph & Co. acquired a new stake in Amazon.com during the 1st quarter valued at $65,000. Finally, Advantage Trust Co purchased a new stake in shares of Amazon.com in the fourth quarter valued at $68,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 0.9 %

Shares of AMZN stock opened at $191.60 on Monday. The stock has a 50 day moving average of $178.54 and a 200-day moving average of $182.10. The firm has a market cap of $1.99 trillion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, equities analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMZN. JPMorgan Chase & Co. lowered their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Jefferies Financial Group lowered their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. TD Cowen increased their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Wolfe Research initiated coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $222.84.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the 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 directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last three months. 10.80% of the stock is owned by corporate insiders.

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.