Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 105,682 shares of the e-commerce giant’s stock after selling 1,462 shares during the period. Amazon.com accounts for approximately 2.4% of Buckingham Capital Management Inc.’s portfolio, making the stock its 11th biggest holding. Buckingham Capital Management Inc.’s holdings in Amazon.com were worth $20,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cooksen Wealth LLC purchased a new position in Amazon.com during the fourth quarter worth approximately $30,000. Strid Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $43,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth $46,000. Steph & Co. acquired a new position in shares of Amazon.com during the 1st quarter valued at about $65,000. Finally, Advantage Trust Co purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $68,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Oppenheimer boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Barclays increased their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Piper Sandler reduced their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird increased their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Finally, Wedbush restated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $221.36.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the 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 directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was 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 in the company, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,107,817 shares of company stock worth $1,221,241,837. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Down 1.4 %

Shares of NASDAQ AMZN opened at $173.12 on Wednesday. The business has a 50-day moving average of $183.61 and a two-hundred day moving average of $181.09. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 48.49, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. 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 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

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 the consensus estimate of $1.05 by $0.18. The business 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%. On average, analysts forecast that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal 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.