Stevens Capital Partners Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Stevens Capital Partners reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,893 shares of the e-commerce giant’s stock after selling 427 shares during the quarter. Stevens Capital Partners’ holdings in Amazon.com were worth $1,121,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Northern Capital Management Inc. increased its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. ETF Store Inc. increased its holdings in Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after purchasing an additional 48 shares during the last quarter. Talisman Wealth Advisors LLC increased its holdings in Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after purchasing an additional 53 shares during the last quarter. SWAN Capital LLC increased its holdings in Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after purchasing an additional 55 shares during the last quarter. Finally, Lokken Investment Group LLC increased its holdings in Amazon.com by 1.5% during the 4th quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock worth $848,000 after purchasing an additional 56 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com 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 transaction, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $224.66 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The firm’s fifty day simple moving average is $220.60 and its two-hundred day simple moving average is $208.72. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

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

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Moffett Nathanson lifted their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Evercore ISI decreased their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Oppenheimer decreased their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.