Focused Wealth Management Inc Sells 217 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Focused Wealth Management Inc reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,822 shares of the e-commerce giant’s stock after selling 217 shares during the period. Amazon.com accounts for about 0.9% of Focused Wealth Management Inc’s portfolio, making the stock its 22nd largest position. Focused Wealth Management Inc’s holdings in Amazon.com were worth $6,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Amazon.com during the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB acquired a new position in shares of Amazon.com during the first quarter valued at about $2,239,757,000. Capital World Investors raised its position in shares of Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $191.16 on Friday. The business has a 50 day simple moving average of $178.68 and a two-hundred day simple moving average of $182.42. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month 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 stock has a market capitalization of $2.01 trillion, a P/E ratio of 53.55, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 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 analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. JPMorgan Chase & Co. cut their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. TD Cowen upped their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. TD Securities raised their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Morgan Stanley dropped their price target on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $222.84.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction that occurred on 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 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. In the last quarter, insiders sold 6,101,797 shares of company stock worth $1,220,129,922. 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.