Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Peninsula Wealth LLC

Peninsula Wealth LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 27,238 shares of the e-commerce giant’s stock after selling 3,067 shares during the period. Amazon.com makes up approximately 0.8% of Peninsula Wealth LLC’s portfolio, making the stock its 20th largest position. Peninsula Wealth LLC’s holdings in Amazon.com were worth $2,813,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AMZN. Vanguard Group Inc. grew its holdings in 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 buying an additional 12,456,995 shares during the period. State Street Corp grew its holdings in Amazon.com by 1.0% in 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 purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD increased its position 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 purchasing an additional 295,880,050 shares during the last quarter. FMR LLC raised its stake 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 purchasing an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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 valued at $13,541,345,000 after purchasing an additional 3,875,615 shares during the last quarter. 57.96% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ AMZN opened at $137.85 on Friday. The firm has a market capitalization of $1.42 trillion, a PE ratio of 108.54, a P/E/G ratio of 1.82 and a beta of 1.24. 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 12 month low of $81.43 and a 12 month high of $143.63. The company’s 50 day simple moving average is $133.60 and its 200 day simple moving average is $117.10.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for 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%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $139.48, for a total value of $557,920.00. Following the transaction, the chief executive officer now owns 526,316 shares of the company’s stock, valued at $73,410,555.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $139.48, for a total transaction of $557,920.00. Following the completion of the sale, the chief executive officer now directly owns 526,316 shares of the company’s stock, valued at $73,410,555.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders sold a total of 1,365,829 shares of company stock valued at $49,002,857 over the last ninety days. Insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Telsey Advisory Group increased their target price on Amazon.com from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research note on Friday, August 4th. Loop Capital increased their target price on shares of Amazon.com from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. TD Cowen lifted their price target on shares of Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Jefferies Financial Group increased their price objective on shares of Amazon.com from $135.00 to $150.00 in a research report on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.87.

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.