Cooper Financial Group Sells 1,296 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cooper Financial Group lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,476 shares of the e-commerce giant’s stock after selling 1,296 shares during the period. Amazon.com accounts for 2.1% of Cooper Financial Group’s investment portfolio, making the stock its 8th largest holding. Cooper Financial Group’s holdings in Amazon.com were worth $7,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fiduciary Planning LLC boosted its position in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC lifted its stake in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its position in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its holdings in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.4 %

AMZN opened at $135.36 on Thursday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $143.63. The firm has a market cap of $1.40 trillion, a price-to-earnings ratio of 106.58, a PEG ratio of 1.83 and a beta of 1.24. The firm’s 50-day simple moving average is $133.41 and its 200-day simple moving average is $116.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95.

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

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the transaction, the chief executive officer now directly owns 151,780 shares in the company, valued at $18,983,124.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $130.93, for a total transaction of $523,720.00. Following the completion of the sale, the chief executive officer now directly owns 564,301 shares of the company’s stock, valued at approximately $73,883,929.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,365,829 shares of company stock worth $49,002,857. Insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Piper Sandler raised their price objective on Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Tigress Financial lifted their price target on Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Canaccord Genuity Group raised their target price on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Rosenblatt Securities raised shares of Amazon.com from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $111.00 to $184.00 in a research report on Friday, August 4th. Finally, Telsey Advisory Group upped their price target on shares of Amazon.com from $145.00 to $160.00 and gave the company an “outperform” rating in a research report 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.