Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Cut by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 22.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,441 shares of the e-commerce giant’s stock after selling 700 shares during the period. Intrinsic Value Partners LLC’s holdings in Amazon.com were worth $472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its holdings in Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after acquiring an additional 21,595 shares during the last quarter. Mather Group LLC. lifted its holdings in Amazon.com by 5.5% in the 4th quarter. Mather Group LLC. now owns 40,318 shares of the e-commerce giant’s stock valued at $6,126,000 after acquiring an additional 2,106 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in Amazon.com by 4.1% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 34,760 shares of the e-commerce giant’s stock valued at $5,281,000 after acquiring an additional 1,365 shares during the last quarter. McAdam LLC lifted its holdings in Amazon.com by 0.4% in the 4th quarter. McAdam LLC now owns 21,719 shares of the e-commerce giant’s stock valued at $3,300,000 after acquiring an additional 91 shares during the last quarter. Finally, Choreo LLC lifted its holdings in Amazon.com by 33.8% in the 4th quarter. Choreo LLC now owns 125,620 shares of the e-commerce giant’s stock valued at $19,087,000 after acquiring an additional 31,750 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction 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 sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares in the company, valued at $11,602,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com 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 sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock worth $1,220,621,322 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.1 %

Shares of AMZN stock opened at $186.88 on Wednesday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm’s fifty day simple moving average is $178.97 and its 200 day simple moving average is $181.80. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 52.35, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays upped their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus cut their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note 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 research note on Friday, August 2nd. Finally, Roth Mkm upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $222.49.

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.