AJ Advisors LLC Has $628,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

AJ Advisors LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,251 shares of the e-commerce giant’s stock after selling 1,410 shares during the period. Amazon.com comprises about 0.3% of AJ Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. AJ Advisors LLC’s holdings in Amazon.com were worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $30,000. Christopher J. Hasenberg Inc lifted its stake in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at about $46,000. Steph & Co. bought a new stake in Amazon.com during the first quarter valued at about $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com during the first quarter valued at about $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.7 %

AMZN opened at $192.53 on Thursday. The firm’s fifty day moving average is $178.59 and its two-hundred day moving average is $182.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $2.02 trillion, a PE ratio of 53.93, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping 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 business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders have sold a total of 6,099,607 shares of company stock worth $1,219,702,872 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. UBS Group upped their price target on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. JMP Securities upped their price target on shares of Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a report on Tuesday, September 3rd. Stifel Nicolaus decreased their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday. One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $222.84.

About Amazon.com

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.