Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,881 shares of the e-commerce giant’s stock after selling 144 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Amazon.com were worth $943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new position in Amazon.com in the fourth quarter worth about $30,000. PayPay Securities Corp raised its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Clarity Asset Management Inc. bought a new position in Amazon.com during the fourth quarter worth $46,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Finally, Steph & Co. bought a new stake in Amazon.com during the first quarter valued at $65,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMZN. Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Wells Fargo & Company decreased their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Piper Sandler dropped their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus reduced their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group lowered their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $223.65.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $181.96 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $179.09 and a 200 day moving average price of $182.82. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 50.97, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

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

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold 1,549,744 shares of company stock worth $309,400,324 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.