Bennett Selby Investments LP Sells 802 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bennett Selby Investments LP cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,734 shares of the e-commerce giant’s stock after selling 802 shares during the quarter. Amazon.com comprises approximately 2.4% of Bennett Selby Investments LP’s holdings, making the stock its 13th biggest position. Bennett Selby Investments LP’s holdings in Amazon.com were worth $3,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. St. James Investment Advisors LLC boosted its stake in shares of Amazon.com by 97.7% during the 4th quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after acquiring an additional 170 shares during the period. Laurel Wealth Planning LLC boosted its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Amazon.com in the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com in the first quarter valued at $38,000. Finally, Ruedi Wealth Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at about $40,000. 56.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $120.61, for a total transaction of $482,440.00. Following the completion of the sale, the chief executive officer now directly owns 568,301 shares of the company’s stock, valued at approximately $68,542,783.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $120.61, for a total transaction of $482,440.00. Following the transaction, the chief executive officer now owns 568,301 shares of the company’s stock, valued at $68,542,783.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the sale, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,366,329 shares of company stock valued at $48,990,512. 12.30% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $133.26 on Monday. The business has a 50-day simple moving average of $132.03 and a 200 day simple moving average of $114.87. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $143.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The firm has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 104.93, a PEG ratio of 1.77 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, research analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMZN. BNP Paribas upgraded shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price target on the stock in a research note on Friday, August 4th. Canaccord Genuity Group upped their target price on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. CICC Research initiated coverage on Amazon.com in a report on Sunday, July 9th. They set an “outperform” rating for the company. Telsey Advisory Group upped their price objective on Amazon.com from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Wolfe Research lifted their target price on Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. Three research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.87.

Amazon.com Company Profile

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