Sargent Investment Group LLC Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sargent Investment Group LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,304 shares of the e-commerce giant’s stock after selling 2,186 shares during the period. Amazon.com comprises approximately 1.9% of Sargent Investment Group LLC’s holdings, making the stock its 15th largest position. Sargent Investment Group LLC’s holdings in Amazon.com were worth $9,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Garrison Point Advisors LLC boosted its holdings in 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 valued at $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC grew its holdings 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 worth $1,399,000 after acquiring an additional 56 shares during the period. Stordahl Capital Management Inc. grew its holdings 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 worth $498,000 after acquiring an additional 56 shares during the period. Finally, Lutz Financial Services LLC raised 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 acquiring an additional 57 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The shares were 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 directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was 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.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, October 3rd. Scotiabank started coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price target on the stock. JPMorgan Chase & Co. cut their price objective 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. Truist Financial increased their target price on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Wolfe Research assumed coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target for the company. Two 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.78.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $187.53 on Friday. The company’s 50-day moving average is $181.54 and its two-hundred day moving average is $183.35. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. 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 $1.95 trillion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

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.