Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,626 shares of the e-commerce giant’s stock after selling 8,731 shares during the quarter. Amazon.com makes up approximately 3.7% of Sentry Investment Management LLC’s holdings, making the stock its 4th largest position. Sentry Investment Management LLC’s holdings in Amazon.com were worth $8,237,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. VitalStone Financial LLC boosted its position in Amazon.com by 66.1% during the 2nd quarter. VitalStone Financial LLC now owns 4,703 shares of the e-commerce giant’s stock valued at $909,000 after acquiring an additional 1,871 shares in the last quarter. Marco Investment Management LLC boosted its position in Amazon.com by 20.5% during the 2nd quarter. Marco Investment Management LLC now owns 15,660 shares of the e-commerce giant’s stock valued at $3,026,000 after acquiring an additional 2,661 shares in the last quarter. Evernest Financial Advisors LLC boosted its position in Amazon.com by 19.0% during the 2nd quarter. Evernest Financial Advisors LLC now owns 4,820 shares of the e-commerce giant’s stock valued at $931,000 after acquiring an additional 769 shares in the last quarter. SP Asset Management LLC boosted its position in Amazon.com by 1.7% during the 2nd quarter. SP Asset Management LLC now owns 132,237 shares of the e-commerce giant’s stock valued at $25,555,000 after acquiring an additional 2,151 shares in the last quarter. Finally, Biltmore Family Office LLC boosted its position in Amazon.com by 0.7% during the 2nd quarter. Biltmore Family Office LLC now owns 18,930 shares of the e-commerce giant’s stock valued at $3,658,000 after acquiring an additional 126 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

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

Amazon.com Trading Up 1.2 %

NASDAQ:AMZN opened at $188.82 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 $1.98 trillion, a price-to-earnings ratio of 45.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The business has a fifty day moving average price of $179.58 and a 200-day moving average price of $183.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Sell-side analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMZN shares. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Stifel Nicolaus cut their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Wolfe Research started coverage on Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target on the stock. Pivotal Research started coverage on Amazon.com in a research report on Friday. They issued a “buy” rating and a $260.00 price target on the stock. Finally, TD Securities boosted their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

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.