Vaughan David Investments LLC IL Sells 2,013 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vaughan David Investments LLC IL lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,759 shares of the e-commerce giant’s stock after selling 2,013 shares during the period. Vaughan David Investments LLC IL’s holdings in Amazon.com were worth $920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% during the 2nd 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 bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $30,000. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $46,000. Finally, Steph & Co. purchased a new stake in Amazon.com in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ:AMZN opened at $186.65 on Friday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $179.11 and its 200-day simple moving average is $183.05. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.28, a PEG ratio of 1.46 and a beta of 1.14.

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

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’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 transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. TD Securities upped their price objective on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Wells Fargo & Company downgraded Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $225.00 to $183.00 in a research report on Monday. Sanford C. Bernstein boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price target 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. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $222.67.

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.