Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Profund Advisors LLC

Profund Advisors LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 520,555 shares of the e-commerce giant’s stock after selling 12,456 shares during the quarter. Amazon.com accounts for about 3.3% of Profund Advisors LLC’s portfolio, making the stock its 4th biggest holding. Profund Advisors LLC’s holdings in Amazon.com were worth $53,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bridgefront Capital LLC purchased a new stake in Amazon.com during the first quarter valued at about $228,000. Krane Funds Advisors LLC lifted its stake in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com during the first quarter valued at about $258,000. My Personal CFO LLC purchased a new stake in Amazon.com during the first quarter valued at about $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at about $191,000. 57.96% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN opened at $137.85 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The stock has a 50 day simple moving average of $133.60 and a 200 day simple moving average of $117.10. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $143.63. 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.

Amazon.com (NASDAQ:AMZN) last issued 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. 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. Sell-side analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $130.93, for a total value of $523,720.00. Following the completion of the transaction, the chief executive officer now directly owns 564,301 shares in the company, valued at approximately $73,883,929.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $128.17, for a total value of $64,085.00. Following the sale, the chief executive officer now owns 150,780 shares in the company, valued at approximately $19,325,472.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $130.93, for a total value of $523,720.00. Following the completion of the sale, the chief executive officer now owns 564,301 shares in the company, valued at approximately $73,883,929.93. The disclosure for this sale can be found here. In the last three months, insiders sold 1,365,829 shares of company stock worth $49,002,857. 12.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Redburn Partners upped their target price on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 11th. Evercore ISI upped their target price on Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Credit Suisse Group upped their target price on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Bank of America increased their price objective on Amazon.com from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Susquehanna increased their price objective on Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.