Amazon.com, Inc. (NASDAQ:AMZN) Position Trimmed by LGT Financial Advisors LLC

LGT Financial Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 37.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,634 shares of the e-commerce giant’s stock after selling 2,159 shares during the period. Amazon.com accounts for 1.5% of LGT Financial Advisors LLC’s portfolio, making the stock its 12th biggest position. LGT Financial Advisors LLC’s holdings in Amazon.com were worth $702,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMZN. Garrison Point Advisors LLC boosted its position in shares of Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. lifted its stake in Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its holdings in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after buying an additional 56 shares in the last quarter. Stordahl Capital Management Inc. grew its position in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after buying an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC increased its holdings in shares of Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after buying an additional 57 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 2.5 %

Shares of AMZN stock opened at $186.51 on Friday. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 1.46 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. The firm’s fifty day simple moving average is $179.17 and its 200 day simple moving average is $182.90. 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 posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,549,744 shares of company stock valued at $309,400,324 over the last three months. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Rosenblatt Securities lifted their target price on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Bank of America cut their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Morgan Stanley restated an “overweight” rating and set a $210.00 price target on shares of Amazon.com in a report on Thursday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $223.65.

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.