Flynn Zito Capital Management LLC Sells 331 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Flynn Zito Capital Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the second quarter, Holdings Channel reports. The fund owned 6,434 shares of the e-commerce giant’s stock after selling 331 shares during the period. Amazon.com makes up approximately 0.6% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 19th largest position. Flynn Zito Capital Management LLC’s holdings in Amazon.com were worth $839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares in the last quarter. State Street Corp boosted its holdings in Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC grew its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Amazon.com by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock valued at $17,031,683,000 after acquiring an additional 3,774,390 shares during the period. 57.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. BNP Paribas upgraded Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price target for the company in a research report on Friday, August 4th. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Friday, October 27th. Susquehanna raised their price objective on Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a report on Friday, August 4th. Canaccord Genuity Group boosted their price target on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Credit Suisse Group raised their price target on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.93.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 70,056 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total value of $9,798,032.16. Following the sale, the chief executive officer now owns 104,864 shares in the company, valued at $14,666,279.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.92, for a total transaction of $2,937,267.36. Following the transaction, the chief executive officer now directly owns 2,030,868 shares in the company, valued at $271,973,842.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 70,056 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total value of $9,798,032.16. Following the transaction, the chief executive officer now owns 104,864 shares of the company’s stock, valued at $14,666,279.04. The disclosure for this sale can be found here. Insiders have sold 182,145 shares of company stock valued at $25,278,008 over the last ninety days. Insiders own 12.30% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $143.56 on Monday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The firm has a 50 day moving average of $133.07 and a 200 day moving average of $128.39. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.48 trillion, a P/E ratio of 74.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17.

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.