Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Choice Wealth Advisors LLC

Choice Wealth Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,227 shares of the e-commerce giant’s stock after selling 90 shares during the quarter. Amazon.com comprises about 3.3% of Choice Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Choice Wealth Advisors LLC’s holdings in Amazon.com were worth $6,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Coastline Trust Co boosted its stake in Amazon.com by 3.1% during the 2nd quarter. Coastline Trust Co now owns 133,877 shares of the e-commerce giant’s stock valued at $25,872,000 after purchasing an additional 3,964 shares in the last quarter. Perkins Coie Trust Co boosted its stake in Amazon.com by 3.5% during the second quarter. Perkins Coie Trust Co now owns 40,163 shares of the e-commerce giant’s stock valued at $7,761,000 after buying an additional 1,372 shares in the last quarter. Mogy Joel R Investment Counsel Inc. grew its holdings in Amazon.com by 0.9% during the second quarter. Mogy Joel R Investment Counsel Inc. now owns 342,870 shares of the e-commerce giant’s stock worth $66,260,000 after acquiring an additional 3,021 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Amazon.com by 3.1% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 244,665 shares of the e-commerce giant’s stock worth $47,282,000 after acquiring an additional 7,400 shares in the last quarter. Finally, Czech National Bank lifted its holdings in Amazon.com by 8.5% in the 2nd quarter. Czech National Bank now owns 1,745,112 shares of the e-commerce giant’s stock valued at $337,243,000 after acquiring an additional 136,756 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMZN shares. Evercore ISI lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. BMO Capital Markets upped their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JMP Securities reissued a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, July 31st. Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Tigress Financial increased their price target on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $221.69.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $177.04 on Monday. The business’s 50-day simple moving average is $183.78 and its 200-day simple moving average is $181.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 49.59, a P/E/G ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 9,490 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the completion of the sale, the senior vice president now directly owns 64,610 shares of the company’s stock, valued at $11,686,656.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,107,817 shares of company stock worth $1,221,241,837. Company insiders own 10.80% of the company’s stock.

About Amazon.com

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.