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

Sandy Cove Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,138 shares of the e-commerce giant’s stock after selling 310 shares during the period. Amazon.com comprises about 0.8% of Sandy Cove Advisors LLC’s portfolio, making the stock its 24th biggest holding. Sandy Cove Advisors LLC’s holdings in Amazon.com were worth $1,150,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMZN. Bridgefront Capital LLC purchased a new stake in Amazon.com in the 1st quarter worth $228,000. Krane Funds Advisors LLC increased its holdings in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com during the first quarter worth $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com during the first quarter worth $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth $191,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.3 %

AMZN stock opened at $138.23 on Friday. The company’s 50 day moving average price is $133.76 and its 200 day moving average price is $117.39. 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, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $143.63. The firm has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 108.84, a PEG ratio of 1.79 and a beta of 1.24.

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Tigress Financial upped their target price on shares of Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. Canaccord Genuity Group upped 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. Piper Jaffray Companies upped their target price on shares of Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, June 7th. Credit Suisse Group upped their target price on shares of Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, Morgan Stanley upped their target price on shares of Amazon.com from $150.00 to $175.00 and gave the stock 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. According to data from MarketBeat, Amazon.com currently has a consensus 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.