Greenleaf Trust trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 484,905 shares of the e-commerce giant’s stock after selling 24,183 shares during the quarter. Amazon.com makes up about 0.9% of Greenleaf Trust’s investment portfolio, making the stock its 8th biggest position. Greenleaf Trust’s holdings in Amazon.com were worth $106,383,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. HCR Wealth Advisors lifted its holdings in Amazon.com by 1.9% in the second quarter. HCR Wealth Advisors now owns 52,338 shares of the e-commerce giant’s stock valued at $11,482,000 after buying an additional 1,001 shares during the period. Poinciana Advisors Group LLC increased its position in shares of Amazon.com by 52.7% in the 2nd quarter. Poinciana Advisors Group LLC now owns 2,832 shares of the e-commerce giant’s stock valued at $621,000 after buying an additional 977 shares in the last quarter. Dopkins Wealth Management LLC raised its holdings in shares of Amazon.com by 4.7% during the second quarter. Dopkins Wealth Management LLC now owns 2,210 shares of the e-commerce giant’s stock worth $485,000 after acquiring an additional 100 shares during the period. Capital Investment Advisors LLC raised its holdings in shares of Amazon.com by 3.8% during the second quarter. Capital Investment Advisors LLC now owns 261,908 shares of the e-commerce giant’s stock worth $57,460,000 after acquiring an additional 9,513 shares during the period. Finally, Leverty Financial Group LLC bought a new position in shares of Amazon.com in the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
NASDAQ AMZN opened at $220.07 on Tuesday. The company’s 50 day simple moving average is $226.10 and its two-hundred day simple moving average is $212.16. The stock has a market capitalization of $2.35 trillion, a PE ratio of 33.55, a P/E/G ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.
Insider Transactions at Amazon.com
In related news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. 10.80% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Stifel Nicolaus boosted 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. Mizuho set a $300.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Monday, September 29th. Wedbush reiterated an “outperform” rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, September 19th. Wall Street Zen raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $266.26.
Read Our Latest Report on Amazon.com
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.
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