Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Blue Chip Partners LLC

Blue Chip Partners LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,216 shares of the e-commerce giant’s stock after selling 625 shares during the quarter. Blue Chip Partners LLC’s holdings in Amazon.com were worth $2,505,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AMZN. Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in Amazon.com by 2.5% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock valued at $1,518,000 after purchasing an additional 288 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $123,733,000. Meitav Investment House Ltd. boosted its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock valued at $81,543,000 after buying an additional 20,574 shares in the last quarter. Golden State Equity Partners grew its position in shares of Amazon.com by 162.4% in the 2nd quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock valued at $6,168,000 after buying an additional 29,281 shares during the last quarter. Finally, Wilkinson Global Asset Management LLC raised its stake in Amazon.com by 3.1% during the 2nd quarter. Wilkinson Global Asset Management LLC now owns 259,635 shares of the e-commerce giant’s stock worth $33,846,000 after acquiring an additional 7,860 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AMZN shares. Truist Financial decreased their price objective on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Loop Capital upped their target price on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Robert W. Baird lifted their price target on Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Canaccord Genuity Group increased their price objective on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Barclays lifted their target price on shares of Amazon.com from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.93.

Amazon.com Price Performance

AMZN stock opened at $143.56 on Monday. The stock has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 74.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $145.86. The stock’s fifty day simple moving average is $133.07 and its 200-day simple moving average is $128.39.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 70,056 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total transaction of $9,798,032.16. Following the completion of the transaction, the chief executive officer now owns 104,864 shares of the company’s stock, valued at approximately $14,666,279.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $133.98, for a total transaction of $535,920.00. Following the completion of the sale, the chief executive officer now directly owns 518,316 shares of the company’s stock, valued at approximately $69,443,977.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 70,056 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the transaction, the chief executive officer now directly owns 104,864 shares in the company, valued at $14,666,279.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,145 shares of company stock valued at $25,278,008. Insiders own 12.30% of the company’s stock.

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.