Transce3nd LLC Sells 2,032 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Transce3nd LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,796 shares of the e-commerce giant’s stock after selling 2,032 shares during the period. Transce3nd LLC’s holdings in Amazon.com were worth $910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northern Capital Management Inc. grew its stake 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 buying an additional 45 shares during the last quarter. Talisman Wealth Advisors LLC grew its stake 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 buying an additional 53 shares during the last quarter. SWAN Capital LLC grew its stake 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 buying an additional 55 shares during the last quarter. Lokken Investment Group LLC grew its stake 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 buying an additional 56 shares during the last quarter. Finally, CWC Advisors LLC. lifted its position in Amazon.com by 3.1% during the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant’s stock worth $411,000 after acquiring an additional 56 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Cantor Fitzgerald lifted their price target on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Tigress Financial lifted their price target on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Wedbush lifted their price target on Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Westpark Capital reaffirmed a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Stifel Nicolaus lifted their price target on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $262.87.

Amazon.com Stock Up 0.0%

Shares of NASDAQ AMZN opened at $231.03 on Friday. The stock has a market cap of $2.46 trillion, a P/E ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The business’s fifty day simple moving average is $221.41 and its 200-day simple moving average is $208.64.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The business 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 for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last 90 days. Corporate 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.