Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.2% in the second quarter, Holdings Channel reports. The firm owned 40,214 shares of the e-commerce giant’s stock after selling 10,822 shares during the period. Amazon.com comprises 2.9% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 5th largest holding. Stoneridge Investment Partners LLC’s holdings in Amazon.com were worth $7,771,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cooksen Wealth LLC acquired a new position in Amazon.com in the 4th quarter valued at about $30,000. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% in the 2nd 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 period. Steph & Co. purchased a new position in shares of Amazon.com in the 1st quarter valued at about $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the 1st quarter valued at about $69,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $188.82 on Monday. The company has a market cap of $1.98 trillion, a P/E ratio of 45.17, a PEG ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The business’s 50-day simple moving average is $179.58 and its 200 day simple moving average is $183.19.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for 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%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred 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 sale, the chief executive officer now owns 503,753 shares in the company, valued at $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. Insiders have sold 54,355 shares of company stock worth $9,877,423 in the last three months. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Roth Mkm boosted their target price on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday. Evercore ISI reaffirmed an “outperform” rating and set a $240.00 price target on shares of Amazon.com in a research report on Friday. Rosenblatt Securities lifted their price target on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, JMP Securities reissued a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $224.00.

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.