Cravens & Co Advisors LLC Sells 1,122 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cravens & Co Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,628 shares of the e-commerce giant’s stock after selling 1,122 shares during the period. Amazon.com comprises about 1.0% of Cravens & Co Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Cravens & Co Advisors LLC’s holdings in Amazon.com were worth $1,281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 4th quarter valued at $30,000. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Clarity Asset Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth about $46,000. Finally, Steph & Co. bought a new stake in Amazon.com in the first quarter worth about $65,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AMZN shares. JPMorgan Chase & Co. reduced their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Monday, September 23rd. UBS Group lifted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group lowered their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Jefferies Financial Group dropped their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $222.84.

Amazon.com Stock Down 1.7 %

Shares of Amazon.com stock opened at $187.97 on Monday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.96 trillion, a P/E ratio of 52.65, a P/E/G ratio of 1.46 and a beta of 1.14. The business has a 50-day moving average price of $178.92 and a 200 day moving average price of $182.68.

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

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the completion of the transaction, the insider now directly owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com 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.