Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 80,739 shares of the e-commerce giant’s stock after selling 2,783 shares during the quarter. Amazon.com makes up about 1.6% of Sunbelt Securities Inc.’s portfolio, making the stock its 9th largest position. Sunbelt Securities Inc.’s holdings in Amazon.com were worth $15,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Prentice Wealth Management LLC raised its stake in Amazon.com by 4.6% during the 1st quarter. Prentice Wealth Management LLC now owns 9,856 shares of the e-commerce giant’s stock valued at $1,778,000 after purchasing an additional 436 shares during the last quarter. Security National Bank increased its holdings in shares of Amazon.com by 0.7% during the 1st quarter. Security National Bank now owns 73,164 shares of the e-commerce giant’s stock worth $13,197,000 after purchasing an additional 533 shares during the period. Arkfeld Wealth Strategies L.L.C. raised its position in shares of Amazon.com by 3.5% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 98,998 shares of the e-commerce giant’s stock valued at $18,409,000 after buying an additional 3,376 shares during the last quarter. West Paces Advisors Inc. lifted its stake in shares of Amazon.com by 8.7% in the first quarter. West Paces Advisors Inc. now owns 9,485 shares of the e-commerce giant’s stock valued at $1,711,000 after buying an additional 758 shares during the period. Finally, Ayalon Insurance Comp Ltd. grew its position in Amazon.com by 9.0% during the first quarter. Ayalon Insurance Comp Ltd. now owns 14,518 shares of the e-commerce giant’s stock worth $2,619,000 after buying an additional 1,198 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now directly 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 a total of 54,355 shares of company stock valued at $9,877,423 over the last three months. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. TD Cowen raised their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Stifel Nicolaus lowered their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Bank of America reduced their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Rosenblatt Securities lifted their target price on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ:AMZN opened at $187.83 on Monday. 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 stock has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.61, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a 50 day moving average of $183.50 and a 200-day moving average of $183.54. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released 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 firm 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%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Amazon.com 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.