Ulland Investment Advisors LLC Sells 345 Shares of Amazon.com, Inc. $AMZN

Ulland Investment Advisors LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,813 shares of the e-commerce giant’s stock after selling 345 shares during the quarter. Amazon.com comprises 3.8% of Ulland Investment Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Ulland Investment Advisors LLC’s holdings in Amazon.com were worth $5,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Western Wealth Management LLC increased its holdings in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares during the period. Flaharty Asset Management LLC grew its position in shares of Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after buying an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd raised its holdings in 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 acquiring an additional 63,924 shares in the last quarter. Finally, Abel Hall LLC raised its holdings 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 valued at $2,795,000 after acquiring an additional 863 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the transaction, the chief executive officer owned 3,138 shares in the company, valued at $695,286.66. The trade was a 85.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 97,911 shares of company stock valued at $21,765,202. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Rosenblatt Securities raised their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a report on Friday, August 1st. CIBC raised their price objective on shares of Amazon.com to $315.00 in a report on Monday, October 20th. Piper Sandler raised their price target on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Susquehanna raised their price target on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Finally, Robert W. Baird raised their target price on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $268.54.

Amazon.com Stock Performance

Shares of AMZN opened at $230.30 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 35.11, a P/E/G ratio of 1.51 and a beta of 1.28. The company’s fifty day moving average is $225.17 and its two-hundred day moving average is $215.34. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the company posted $1.26 EPS. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.