Amazon.com, Inc. $AMZN Stock Holdings Trimmed by Avenir Corp

Avenir Corp decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400,183 shares of the e-commerce giant’s stock after selling 3,940 shares during the quarter. Amazon.com makes up 9.0% of Avenir Corp’s portfolio, making the stock its 4th biggest position. Avenir Corp’s holdings in Amazon.com were worth $87,796,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its stake in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Norges Bank purchased a new position in shares of Amazon.com during the second quarter valued at approximately $27,438,011,000. Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $11,674,091,000. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in shares of Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after buying an additional 12,122,668 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and set a $305.00 price objective (up previously from $290.00) on shares of Amazon.com in a research note on Monday, December 1st. The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. CICC Research upped their price target on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Sanford C. Bernstein set a $300.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, New Street Research upped their target price on shares of Amazon.com from $270.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $295.43.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 82,234 shares of company stock valued at $19,076,767. 9.70% of the stock is currently owned by company insiders.

Amazon.com Trading Down 1.8%

Shares of AMZN stock opened at $226.19 on Friday. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 31.95, a P/E/G ratio of 1.58 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $229.35 and its 200 day moving average is $224.73. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period last year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts expect 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.