AFG Fiduciary Services Limited Partnership Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

AFG Fiduciary Services Limited Partnership reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,528 shares of the e-commerce giant’s stock after selling 562 shares during the quarter. Amazon.com accounts for about 2.1% of AFG Fiduciary Services Limited Partnership’s holdings, making the stock its 6th biggest position. AFG Fiduciary Services Limited Partnership’s holdings in Amazon.com were worth $5,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 4th quarter valued at $30,000. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth about $46,000. Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the period. Steph & Co. purchased a new stake in Amazon.com during the 1st quarter valued at about $65,000. Finally, Advantage Trust Co acquired a new position in shares of Amazon.com in the 4th quarter valued at $68,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Rosenblatt Securities boosted their target price on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research note on Friday, August 2nd. BMO Capital Markets reissued an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. Finally, Morgan Stanley reduced their price target on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus price target of $222.84.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders have sold a total of 6,101,797 shares of company stock valued at $1,220,129,922 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 1.7 %

AMZN opened at $187.97 on Friday. The firm has a market cap of $1.97 trillion, a P/E ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The business has a 50 day moving average price of $178.83 and a 200 day moving average price of $182.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

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.