Amazon.com, Inc. (NASDAQ:AMZN) Stake Trimmed by Searcy Financial Services Inc. ADV

Searcy Financial Services Inc. ADV lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,195 shares of the e-commerce giant’s stock after selling 981 shares during the quarter. Amazon.com makes up approximately 5.8% of Searcy Financial Services Inc. ADV’s portfolio, making the stock its 9th biggest holding. Searcy Financial Services Inc. ADV’s holdings in Amazon.com were worth $11,633,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Collective Family Office LLC grew its stake in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after buying an additional 819 shares in the last quarter. Members Trust Co grew its position in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares in the last quarter. Phillips Wealth Planners LLC raised its stake in shares of Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the period. LifePlan Financial LLC purchased a new stake in Amazon.com during the 4th quarter worth about $1,276,000. Finally, Legacy CG LLC boosted its stake in Amazon.com by 8.2% in the 4th quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock worth $8,455,000 after purchasing an additional 4,217 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. TD Cowen lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Evercore ISI upped their target price on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group cut their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $221.36.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, 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 value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,107,817 shares of company stock worth $1,221,241,837. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $173.12 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The stock’s 50 day simple moving average is $183.61 and its two-hundred day simple moving average is $181.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 48.49, a PEG ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. As a group, analysts expect that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal 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.