Sequent Asset Management LLC Sells 115 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sequent Asset Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,004 shares of the e-commerce giant’s stock after selling 115 shares during the quarter. Amazon.com accounts for approximately 1.9% of Sequent Asset Management LLC’s holdings, making the stock its 11th biggest position. Sequent Asset Management LLC’s holdings in Amazon.com were worth $3,866,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Collective Family Office LLC increased its holdings in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after acquiring an additional 819 shares during the last quarter. Phillips Wealth Planners LLC raised its position in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the period. Bayesian Capital Management LP bought a new stake in Amazon.com in the fourth quarter worth $5,926,000. Clearstead Trust LLC lifted its holdings in shares of Amazon.com by 25.8% in the 4th quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after acquiring an additional 13,454 shares during the last quarter. Finally, Summa Corp. purchased a new position in Amazon.com during the 4th quarter valued at $1,506,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.2 %

NASDAQ:AMZN opened at $186.43 on Thursday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. 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 market cap of $1.94 trillion, a PE ratio of 52.22, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company has a 50-day moving average of $178.71 and a 200 day moving average of $181.83.

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

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The disclosure for this sale can be found here. In the last three months, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. TD Securities boosted their target price on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Wolfe Research started coverage on Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target on the stock. TD Cowen increased their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company reduced their price target on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $222.49.

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.