BHK Investment Advisors LLC Sells 822 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BHK Investment Advisors LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,864 shares of the e-commerce giant’s stock after selling 822 shares during the quarter. Amazon.com makes up approximately 0.6% of BHK Investment Advisors LLC’s portfolio, making the stock its 22nd largest holding. BHK Investment Advisors LLC’s holdings in Amazon.com were worth $1,306,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC boosted its stake in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after buying an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the 4th quarter valued at about $749,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter valued at about $514,000. Segall Bryant & Hamill LLC increased its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $12,014,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.2%

AMZN stock opened at $222.69 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.37 trillion, a price-to-earnings 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 stock has a fifty day moving average of $219.65 and a 200-day moving average of $208.61.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $1.26 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Rosenblatt Securities raised their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Finally, Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $262.45.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated 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 directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 25,101,037 shares of company stock worth $5,674,726,368. Company insiders own 9.70% 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.