Amazon.com, Inc. $AMZN Shares Sold by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,249 shares of the e-commerce giant’s stock after selling 380 shares during the period. Amazon.com accounts for approximately 1.7% of Etesian Wealth Advisors Inc.’s holdings, making the stock its 15th biggest position. Etesian Wealth Advisors Inc.’s holdings in Amazon.com were worth $4,662,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Western Wealth Management LLC raised its stake in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC increased its holdings in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $514,000. Border to Coast Pensions Partnership Ltd raised its stake in shares of Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares in the last quarter. Finally, Abel Hall LLC raised its position in Amazon.com by 7.3% in the second quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock worth $2,795,000 after purchasing an additional 863 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.5%

Shares of NASDAQ:AMZN opened at $230.30 on Thursday. The company has a 50-day simple moving average of $225.17 and a 200 day simple moving average of $215.34. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market capitalization of $2.46 trillion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the transaction, the chief executive officer owned 520,507 shares in the company, valued at approximately $115,354,761.34. The trade was a 1.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,911 shares of company stock valued at $21,765,202 in the last ninety days. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. HSBC lifted their price objective on Amazon.com from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. BMO Capital Markets lifted their price objective on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Stifel Nicolaus boosted their price objective on Amazon.com from $260.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $268.54.

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.