Wooster Corthell Wealth Management Inc. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Wooster Corthell Wealth Management Inc. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,331 shares of the e-commerce giant’s stock after selling 240 shares during the period. Amazon.com makes up 0.5% of Wooster Corthell Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Wooster Corthell Wealth Management Inc.’s holdings in Amazon.com were worth $2,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $30,000. Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth approximately $46,000. Steph & Co. bought a new position in shares of Amazon.com in the first quarter worth approximately $65,000. Advantage Trust Co bought a new position in shares of Amazon.com in the fourth quarter worth approximately $68,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com in the first quarter worth approximately $69,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN opened at $184.89 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a fifty day moving average price of $179.22 and a 200 day moving average price of $181.74. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The stock has a market cap of $1.92 trillion, a P/E ratio of 51.79, a P/E/G ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BMO Capital Markets upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. cut their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Morgan Stanley dropped their price objective on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Robert W. Baird lifted their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Finally, Stifel Nicolaus lowered their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $222.49.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the transaction, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the transaction, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last three months. Company insiders own 10.80% of the company’s stock.

About Amazon.com

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.