Bailard Inc. Sells 880 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bailard Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 260,689 shares of the e-commerce giant’s stock after selling 880 shares during the period. Amazon.com accounts for 1.4% of Bailard Inc.’s holdings, making the stock its 13th biggest position. Bailard Inc.’s holdings in Amazon.com were worth $50,378,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new position in Amazon.com in the 4th quarter valued at $30,000. Christopher J. Hasenberg Inc grew its holdings 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 buying an additional 260 shares in the last quarter. Clarity Asset Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at $46,000. Steph & Co. acquired a new position in Amazon.com in the 1st quarter valued at $65,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com in the 1st quarter valued at $69,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $186.88 on Wednesday. The company has a market cap of $1.94 trillion, a PE ratio of 52.35, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The stock has a 50-day moving average of $178.97 and a 200-day moving average of $181.80.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. BMO Capital Markets increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley reduced their target price on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Bank of America reduced their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $222.49.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred 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 owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.80% of the company’s stock.

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.