V2 Financial group LLC Has $2.38 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

V2 Financial group LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,000 shares of the e-commerce giant’s stock after selling 1,206 shares during the period. Amazon.com accounts for about 1.6% of V2 Financial group LLC’s investment portfolio, making the stock its 11th largest position. V2 Financial group LLC’s holdings in Amazon.com were worth $2,382,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at about $30,000. Clarity Asset Management Inc. bought a new stake in Amazon.com during the 4th quarter worth approximately $46,000. Christopher J. Hasenberg Inc lifted 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 buying an additional 260 shares in the last quarter. Steph & Co. bought a new position in Amazon.com in the 1st quarter worth approximately $65,000. Finally, Advantage Trust Co bought a new stake in Amazon.com during the 4th quarter worth about $68,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred 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 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 the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,101,797 shares of company stock valued at $1,220,129,922. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Jefferies Financial Group cut 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. Robert W. Baird boosted their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Maxim Group boosted their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Evercore ISI raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, TD Cowen lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $222.84.

Amazon.com Stock Performance

Shares of AMZN opened at $191.16 on Friday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 53.55, a PEG ratio of 1.46 and a beta of 1.14. The stock has a 50 day moving average of $178.68 and a 200 day moving average of $182.42. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

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, topping the consensus estimate 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. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Amazon.com Company 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.