Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Hamel Associates Inc.

Hamel Associates Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,005 shares of the e-commerce giant’s stock after selling 295 shares during the quarter. Hamel Associates Inc.’s holdings in Amazon.com were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Cooksen Wealth LLC acquired a new position in Amazon.com during the 4th quarter valued at approximately $30,000. Christopher J. Hasenberg Inc grew its stake 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 during the last quarter. Clarity Asset Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth $46,000. Finally, Steph & Co. bought a new stake in Amazon.com in the first quarter valued at $65,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,549,744 shares of company stock valued at $309,400,324. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 2.5 %

AMZN stock opened at $186.51 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization 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, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company’s 50 day simple moving average is $179.17 and its 200-day simple moving average is $182.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. JMP Securities restated a “market outperform” rating and set a $265.00 price target on shares of Amazon.com in a research report on Friday. Evercore ISI raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. TD Securities boosted their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $230.00 price target on shares of Amazon.com in a research report on Thursday, September 19th. One research 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 an average rating of “Buy” and an average price target of $223.65.

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.