Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,363 shares of the e-commerce giant’s stock after selling 4,006 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Amazon.com were worth $3,162,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Garrison Point Advisors LLC increased its position in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after acquiring an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. grew its position in Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC grew its position in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. grew its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares in the last quarter. Finally, Lutz Financial Services LLC grew its position in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $186.89 on Thursday. The firm’s fifty day moving average price is $181.11 and its 200-day moving average price is $183.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $1.94 trillion, a P/E ratio of 52.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company 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%. On average, equities research analysts expect 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 the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com 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 directly owns 62,420 shares of the company’s stock, valued at $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 at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Evercore ISI reiterated an “outperform” rating and issued a $240.00 target price on shares of Amazon.com in a research note on Friday, October 11th. Wolfe Research started coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, Stifel Nicolaus dropped their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

About Amazon.com

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.