Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Great Diamond Partners LLC

Great Diamond Partners LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,264 shares of the e-commerce giant’s stock after selling 430 shares during the quarter. Amazon.com comprises approximately 0.9% of Great Diamond Partners LLC’s investment portfolio, making the stock its 29th largest holding. Great Diamond Partners LLC’s holdings in Amazon.com were worth $3,723,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $30,000. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the 4th quarter valued at $46,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Steph & Co. purchased a new stake in Amazon.com during the first quarter worth about $65,000. Finally, Advantage Trust Co acquired a new stake in shares of Amazon.com during the fourth quarter worth about $68,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. JMP Securities boosted their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research note on Tuesday, September 3rd. Stifel Nicolaus reduced their target price 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. Roth Mkm boosted their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Robert W. Baird boosted their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $222.84.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’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 completion of the sale, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The disclosure for this sale can be found here. In the last three months, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $191.60 on Monday. The company’s 50 day simple moving average is $178.54 and its 200 day simple moving average is $182.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating 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 firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current 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.