Strategic Investment Advisors MI Sells 780 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Investment Advisors MI lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,462 shares of the e-commerce giant’s stock after selling 780 shares during the period. Strategic Investment Advisors MI’s holdings in Amazon.com were worth $8,079,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. FMR LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new stake in Amazon.com in the fourth quarter worth approximately $27,266,582,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. The Goldman Sachs Group lowered their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Cantor Fitzgerald boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wells Fargo & Company boosted their price objective on Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Finally, Roth Capital set a $250.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $250.35.

Amazon.com Stock Down 1.4%

Shares of NASDAQ AMZN opened at $223.19 on Thursday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business’s fifty day moving average price is $212.21 and its 200-day moving average price is $208.60. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.35, a P/E/G ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold 13,602,037 shares of company stock valued at $3,044,172,641 in the last 90 days. Insiders own 9.70% 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.