Comprehensive Financial Consultants Institutional Inc. Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Comprehensive Financial Consultants Institutional Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,367 shares of the e-commerce giant’s stock after selling 512 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Amazon.com were worth $2,776,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Cooksen Wealth LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $30,000. Strid Group LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $43,000. Clarity Asset Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $46,000. Steph & Co. purchased a new position in Amazon.com in the 1st quarter valued at approximately $65,000. Finally, Advantage Trust Co purchased a new position in Amazon.com in the 4th quarter valued at approximately $68,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $178.50 on Monday. 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 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company’s 50-day moving average is $182.68 and its 200 day moving average is $181.15. The stock has a market capitalization of $1.86 trillion, a P/E ratio of 50.00, a P/E/G ratio of 1.34 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Wells Fargo & Company cut their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Roth Mkm raised their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Tigress Financial raised their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $221.36.

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.