Acorn Wealth Advisors LLC Sells 140 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Acorn Wealth Advisors LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,187 shares of the e-commerce giant’s stock after selling 140 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Amazon.com were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares during the last quarter. State Street Corp increased its holdings in Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after buying an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the last quarter. FMR LLC increased its holdings in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock worth $13,541,345,000 after buying an additional 3,875,615 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on shares of Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $184.00 in a report on Friday, August 4th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Jefferies Financial Group upped their price objective on shares of Amazon.com from $135.00 to $150.00 in a report on Wednesday, June 21st. Finally, Wells Fargo & Company upped their price objective on shares of Amazon.com from $159.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP David Zapolsky sold 6,720 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $899,606.40. Following the completion of the sale, the senior vice president now owns 107,196 shares of the company’s stock, valued at approximately $14,350,328.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,366,329 shares of company stock valued at $48,990,512. 12.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $134.91 on Wednesday. The business has a 50 day moving average of $132.36 and a 200-day moving average of $115.49. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 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 company has a market capitalization of $1.39 trillion, a P/E ratio of 106.23, a P/E/G 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.29. The company 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, equities research analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

About Amazon.com

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.