Rational Advisors Inc. Sells 2,077 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rational Advisors Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,098 shares of the e-commerce giant’s stock after selling 2,077 shares during the quarter. Amazon.com accounts for about 1.0% of Rational Advisors Inc.’s investment portfolio, making the stock its 21st biggest position. Rational Advisors Inc.’s holdings in Amazon.com were worth $9,912,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter worth approximately $35,000. Cooksen Wealth LLC bought a new position in Amazon.com in the first quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com in the first quarter worth approximately $40,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,102,037 shares of company stock worth $5,674,937,048 over the last 90 days. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $222.69 on Friday. The stock has a 50-day simple moving average of $219.65 and a two-hundred day simple moving average of $208.98. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Citigroup increased their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $262.45.

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.