Diversify Advisory Services LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Diversify Advisory Services LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,251 shares of the e-commerce giant’s stock after selling 752 shares during the period. Amazon.com makes up approximately 2.1% of Diversify Advisory Services LLC’s holdings, making the stock its 7th biggest position. Diversify Advisory Services LLC’s holdings in Amazon.com were worth $33,777,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMZN. Archer Investment Corp lifted its stake in Amazon.com by 5.4% during the 1st quarter. Archer Investment Corp now owns 13,959 shares of the e-commerce giant’s stock valued at $2,656,000 after acquiring an additional 714 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Amazon.com by 20.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,300,900 shares of the e-commerce giant’s stock valued at $247,509,000 after acquiring an additional 221,000 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lifted its stake in Amazon.com by 8.6% during the 1st quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 91,200 shares of the e-commerce giant’s stock valued at $17,352,000 after acquiring an additional 7,200 shares during the period. Ring Mountain Capital LLC lifted its stake in Amazon.com by 1.6% during the 1st quarter. Ring Mountain Capital LLC now owns 34,946 shares of the e-commerce giant’s stock valued at $6,649,000 after acquiring an additional 551 shares during the period. Finally, Gradient Capital Advisors LLC lifted its stake in Amazon.com by 0.8% during the 1st quarter. Gradient Capital Advisors LLC now owns 9,426 shares of the e-commerce giant’s stock valued at $1,793,000 after acquiring an additional 72 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Citizens Jmp initiated coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating on the stock. HSBC increased their price objective on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus increased their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $262.87.

Amazon.com Stock Up 0.0%

Shares of AMZN opened at $231.03 on Friday. The company has a market cap of $2.46 trillion, a PE ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31. The business has a fifty day moving average of $221.41 and a 200 day moving average of $208.64. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-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 released its 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction 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 completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. Corporate 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.