Amazon.com, Inc. (NASDAQ:AMZN) is Abbrea Capital LLC’s 8th Largest Position

Abbrea Capital LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 100,282 shares of the e-commerce giant’s stock after selling 10,795 shares during the period. Amazon.com accounts for approximately 2.6% of Abbrea Capital LLC’s investment portfolio, making the stock its 8th largest holding. Abbrea Capital LLC’s holdings in Amazon.com were worth $19,379,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its holdings in Amazon.com by 6.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 10,097,657 shares of the e-commerce giant’s stock valued at $2,016,263,000 after acquiring an additional 569,228 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Amazon.com by 74.8% during the second quarter. Meeder Asset Management Inc. now owns 361,882 shares of the e-commerce giant’s stock worth $69,934,000 after buying an additional 154,854 shares in the last quarter. Ullmann Wealth Partners Group LLC grew its holdings in shares of Amazon.com by 3.4% during the second quarter. Ullmann Wealth Partners Group LLC now owns 12,146 shares of the e-commerce giant’s stock worth $2,347,000 after buying an additional 395 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Amazon.com by 8.8% during the second quarter. Oppenheimer & Co. Inc. now owns 632,593 shares of the e-commerce giant’s stock worth $122,249,000 after buying an additional 51,389 shares in the last quarter. Finally, Financial Alternatives Inc grew its holdings in shares of Amazon.com by 4.6% during the second quarter. Financial Alternatives Inc now owns 3,264 shares of the e-commerce giant’s stock worth $631,000 after buying an additional 144 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMZN. JPMorgan Chase & Co. lowered their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Morgan Stanley reiterated an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a report on Thursday, October 3rd. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a report on Thursday. Finally, JMP Securities restated a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, October 4th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 transaction of $662,375.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.2 %

AMZN stock 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. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The firm has a fifty day moving average price of $179.58 and a two-hundred day moving average price of $183.17. The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 45.17, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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 business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Research analysts predict that Amazon.com, Inc. will post 4.85 EPS 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.