Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,935 shares of the e-commerce giant’s stock after selling 2,392 shares during the period. Amazon.com accounts for about 1.9% of Jamison Private Wealth Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Jamison Private Wealth Management Inc.’s holdings in Amazon.com were worth $11,196,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Cooksen Wealth LLC bought a new position in Amazon.com in the fourth quarter worth about $30,000. Strid Group LLC bought a new position in Amazon.com in the fourth quarter worth about $43,000. Harbor Investment Advisory LLC lifted its holdings in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the last quarter. Clarity Asset Management Inc. bought a new position in Amazon.com in the fourth quarter worth about $46,000. Finally, Steph & Co. bought a new position in Amazon.com in the first quarter worth about $65,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Tigress Financial lifted their price target on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Citigroup lifted their price target on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Maxim Group lifted their price target on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Loop Capital lifted their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $221.69.

Amazon.com Stock Up 0.7 %

AMZN stock opened at $180.11 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a fifty day simple moving average of $184.07 and a 200 day simple moving average of $180.88. The firm has a market cap of $1.87 trillion, a PE ratio of 50.45, a PEG ratio of 1.32 and a beta of 1.15.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,059,152 shares of company stock valued at $1,212,453,840. Insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.