Amazon.com, Inc. (NASDAQ:AMZN) is Sterling Investment Advisors Ltd.’s 2nd Largest Position

Sterling Investment Advisors Ltd. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,864 shares of the e-commerce giant’s stock after selling 172 shares during the quarter. Amazon.com accounts for 3.9% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Sterling Investment Advisors Ltd.’s holdings in Amazon.com were worth $14,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Garrison Point Advisors LLC boosted its stake in Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after acquiring an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares during the period. Ridgecrest Wealth Partners LLC increased its holdings in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares during the last quarter. Stordahl Capital Management Inc. lifted its stake in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares during the period. Finally, Lutz Financial Services LLC boosted its holdings in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. Maxim Group boosted their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Evercore ISI lifted their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. TD Securities lifted their price objective on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $223.65.

Amazon.com Stock Up 2.5 %

Shares of AMZN opened at $186.51 on Friday. The firm has a 50 day simple moving average of $179.17 and a two-hundred day simple moving average of $182.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a market cap of $1.94 trillion, a P/E ratio of 52.24, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com 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 sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,549,744 shares of company stock worth $309,400,324. Corporate 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.