Amazon.com, Inc. (NASDAQ:AMZN) Holdings Decreased by Vest Financial LLC

Vest Financial LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,428 shares of the e-commerce giant’s stock after selling 116 shares during the quarter. Vest Financial LLC’s holdings in Amazon.com were worth $2,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Lansing Street Advisors lifted its position in shares of Amazon.com by 41.1% in the 2nd quarter. Lansing Street Advisors now owns 2,288 shares of the e-commerce giant’s stock worth $442,000 after buying an additional 666 shares during the last quarter. Main Street Financial Solutions LLC raised its stake in Amazon.com by 5.4% during the second quarter. Main Street Financial Solutions LLC now owns 56,370 shares of the e-commerce giant’s stock worth $10,894,000 after acquiring an additional 2,868 shares during the period. Parametrica Management Ltd lifted its holdings in Amazon.com by 55.6% in the second quarter. Parametrica Management Ltd now owns 20,965 shares of the e-commerce giant’s stock worth $4,051,000 after acquiring an additional 7,491 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its stake in Amazon.com by 3.2% in the second quarter. Vanguard Capital Wealth Advisors now owns 62,960 shares of the e-commerce giant’s stock valued at $12,167,000 after acquiring an additional 1,935 shares during the period. Finally, Wealthgarden F.S. LLC bought a new position in shares of Amazon.com during the second quarter valued at approximately $879,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $188.82 on Friday. The business’s 50-day moving average is $179.58 and its 200-day moving average is $183.17. 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 company has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released 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. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’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 transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Pivotal Research initiated coverage on Amazon.com in a research report on Friday. They set a “buy” rating and a $260.00 price objective for the company. Wedbush restated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Maxim Group increased their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group reduced their target price on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Evercore ISI restated an “outperform” rating and issued a $240.00 price target on shares of Amazon.com in a research note on Friday. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $224.00.

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.