Signet Investment Advisory Group Inc. Sells 297 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Signet Investment Advisory Group Inc. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,442 shares of the e-commerce giant’s stock after selling 297 shares during the period. Signet Investment Advisory Group Inc.’s holdings in Amazon.com were worth $1,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp lifted its position 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 valued at $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its position in shares of Amazon.com by 1,792.4% in the 2nd 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 period. Finally, Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock worth $13,541,345,000 after acquiring an additional 3,875,615 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the sale, the vice president now 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. Insiders sold a total of 1,362,329 shares of company stock valued at $48,508,072 over the last three months. 12.70% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $138.12 on Friday. The company’s 50-day simple moving average is $132.90 and its two-hundred day simple moving average is $116.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $143.63. The company has a market capitalization of $1.43 trillion, a P/E ratio of 108.76, a P/E/G ratio of 1.76 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on AMZN shares. Evercore ISI boosted their price objective on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Redburn Partners raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Sanford C. Bernstein boosted their target price on Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Piper Sandler raised their price target on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Finally, UBS Group upped their price target on shares of Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $160.87.

Amazon.com 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.