Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Roble Belko & Company Inc

Roble Belko & Company Inc lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,661 shares of the e-commerce giant’s stock after selling 220 shares during the quarter. Roble Belko & Company Inc’s holdings in Amazon.com were worth $347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Markel Group Inc. raised its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Markel Group Inc. now owns 2,018,860 shares of the e-commerce giant’s stock valued at $263,179,000 after acquiring an additional 9,500 shares in the last quarter. American International Group Inc. grew its holdings in shares of Amazon.com by 0.9% during the 2nd quarter. American International Group Inc. now owns 2,787,923 shares of the e-commerce giant’s stock worth $363,434,000 after purchasing an additional 23,549 shares in the last quarter. Motco boosted its stake in Amazon.com by 1.3% in the 2nd quarter. Motco now owns 76,351 shares of the e-commerce giant’s stock valued at $9,953,000 after buying an additional 1,017 shares in the last quarter. Cibc World Markets Corp boosted its stake in Amazon.com by 34.1% in the 2nd quarter. Cibc World Markets Corp now owns 2,794,709 shares of the e-commerce giant’s stock valued at $364,318,000 after buying an additional 710,888 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its stake in Amazon.com by 444.6% in the 2nd quarter. Capital Wealth Planning LLC now owns 12,837 shares of the e-commerce giant’s stock valued at $1,673,000 after buying an additional 10,480 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Amazon.com Stock Up 0.7 %

AMZN opened at $146.13 on Tuesday. The stock has a market cap of $1.51 trillion, a PE ratio of 75.72, a P/E/G ratio of 1.93 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 $147.29. The business’s fifty day simple moving average is $133.78 and its 200 day simple moving average is $130.06.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.27. The firm had revenue of $143.08 billion for the quarter, compared to analysts’ expectations of $141.53 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. As a group, research analysts expect that Amazon.com, Inc. will post 2.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the transaction, the chief executive officer now directly owns 106,520 shares in the company, valued at $14,750,889.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $127.20, for a total transaction of $508,800.00. Following the completion of the sale, the chief executive officer now owns 522,316 shares of the company’s stock, valued at $66,438,595.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total transaction of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares of the company’s stock, valued at approximately $14,750,889.60. The disclosure for this sale can be found here. Insiders sold 67,572 shares of company stock worth $9,639,169 over the last three months. Company insiders own 12.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. Wedbush reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Amazon.com in a research note on Wednesday, October 18th. Loop Capital lifted their price objective on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. UBS Group dropped their target price on Amazon.com from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $175.00 price objective on shares of Amazon.com in a research note on Tuesday, October 17th. Finally, TD Cowen increased their price target on Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $168.93.

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.