Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 978,321 shares of the e-commerce giant’s stock after selling 16,384 shares during the period. Amazon.com makes up approximately 1.1% of Private Advisor Group LLC’s holdings, making the stock its 12th largest position. Private Advisor Group LLC’s holdings in Amazon.com were worth $186,136,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 0.0%

Shares of AMZN opened at $231.03 on Friday. The firm has a market cap of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company’s fifty day moving average is $221.41 and its two-hundred day moving average is $208.64. 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 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 announced its quarterly earnings results 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 company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the business earned $1.26 EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wedbush raised their price objective on Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Morgan Stanley reissued an “overweight” rating and set a $300.00 price objective on shares of Amazon.com in a research note on Thursday. Royal Bank Of Canada raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $262.87.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were 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 in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. Insiders own 9.70% of the company’s stock.

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.