Raab & Moskowitz Asset Management LLC Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Raab & Moskowitz Asset Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,788 shares of the e-commerce giant’s stock after selling 86 shares during the period. Amazon.com comprises approximately 1.9% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Raab & Moskowitz Asset Management LLC’s holdings in Amazon.com were worth $6,916,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. PayPay Securities Corp lifted its position in shares of Amazon.com by 64.6% during 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 in the last quarter. Christopher J. Hasenberg Inc lifted its position in shares of Amazon.com by 650.0% during 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 in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $69,000. Innealta Capital LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $77,000. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $187.83 on Friday. The business has a 50-day moving average of $183.50 and a 200 day moving average of $183.56. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. 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 (NASDAQ:AMZN) last announced its earnings results 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. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. BMO Capital Markets reiterated an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Telsey Advisory Group restated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Rosenblatt Securities raised their price objective on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Loop Capital raised their price objective on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. 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. 10.80% of the stock is owned by company insiders.

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.