Guggenheim Capital LLC Sells 22,005 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Guggenheim Capital LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 20.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 86,095 shares of the e-commerce giant’s stock after selling 22,005 shares during the quarter. Amazon.com makes up 1.7% of Guggenheim Capital LLC’s holdings, making the stock its 4th largest position. Guggenheim Capital LLC’s holdings in Amazon.com were worth $280,666,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMZN. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at approximately $14,053,756,000. Castleview Partners LLC acquired a new position in shares of Amazon.com during the 4th quarter worth $1,143,000. Aaron Wealth Advisors LLC increased its stake in shares of Amazon.com by 346,521.1% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,246,105 shares of the e-commerce giant’s stock worth $689,000 after purchasing an additional 2,245,457 shares during the last quarter. Verity Asset Management Inc. increased its stake in shares of Amazon.com by 413,136.4% during the 1st quarter. Verity Asset Management Inc. now owns 1,508,313 shares of the e-commerce giant’s stock worth $841,000 after purchasing an additional 1,507,948 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Amazon.com by 124.5% during the 1st quarter. SG Americas Securities LLC now owns 220,530 shares of the e-commerce giant’s stock worth $718,917,000 after purchasing an additional 1,120,660 shares during the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMZN shares. UBS Group increased their price target on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Canaccord Genuity Group increased their price target on shares of Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. JPMorgan Chase & Co. dropped their price target on shares of Amazon.com from $200.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 29th. Barclays upped their price objective on shares of Amazon.com from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Finally, Loop Capital decreased their price objective on shares of Amazon.com from $187.50 to $141.25 and set a “buy” rating for the company in a report on Friday, May 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have given a buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Trading Up 2.4 %

Shares of Amazon.com stock opened at $136.45 on Tuesday. The stock has a market capitalization of $1.39 trillion, a P/E ratio of 122.32, a price-to-earnings-growth ratio of 5.95 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $128.07 and a 200 day simple moving average of $131.42. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. Research analysts expect that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now owns 1,892,000 shares in the company, valued at approximately $269,212,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now owns 1,892,000 shares in the company, valued at approximately $269,212,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The disclosure for this sale can be found here. Insiders sold 70,108 shares of company stock worth $9,736,335 in the last quarter. 12.70% of the stock is owned by corporate insiders.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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