Schechter Investment Advisors LLC Sells 13,094 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Schechter Investment Advisors LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,733 shares of the e-commerce giant’s stock after selling 13,094 shares during the quarter. Amazon.com makes up approximately 1.4% of Schechter Investment Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Schechter Investment Advisors LLC’s holdings in Amazon.com were worth $16,692,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter worth about $27,266,582,000. GAMMA Investing LLC boosted its stake in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its stake in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. grew its position in Amazon.com by 2.2% during the 4th 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 during the last quarter. Finally, Capital International Investors increased its stake in Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.2%

Shares of AMZN opened at $222.69 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a market cap of $2.37 trillion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The firm’s fifty day moving average is $219.65 and its two-hundred day moving average is $208.98. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,102,037 shares of company stock valued at $5,674,937,048. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Susquehanna raised their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Roth Capital set a $250.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. Benchmark reissued a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Barclays lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $262.45.

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.