Garde Capital Inc. Has $22.22 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Garde Capital Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 114,999 shares of the e-commerce giant’s stock after selling 790 shares during the quarter. Amazon.com accounts for about 1.5% of Garde Capital Inc.’s holdings, making the stock its 15th biggest holding. Garde Capital Inc.’s holdings in Amazon.com were worth $22,224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its position in 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 acquiring an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in 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 acquiring an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $69,000. Innealta Capital LLC acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $77,000. Finally, Abich Financial Wealth Management LLC grew 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 worth $84,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was 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 in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Rosenblatt Securities lifted their price target on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Scotiabank began 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 for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.76.

Amazon.com Stock Performance

Shares of AMZN stock opened at $188.39 on Tuesday. The company’s fifty day simple moving average is $183.71 and its 200-day simple moving average is $183.54. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.96 trillion, a PE ratio of 52.77, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $128.56 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 7.35% and a return on equity of 21.39%. Equities research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

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.