Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Echo45 Advisors LLC

Echo45 Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,922 shares of the e-commerce giant’s stock after selling 697 shares during the quarter. Amazon.com comprises about 0.8% of Echo45 Advisors LLC’s portfolio, making the stock its 23rd largest position. Echo45 Advisors LLC’s holdings in Amazon.com were worth $1,144,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Norges Bank acquired a new stake in Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Capital Research Global Investors lifted its stake in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after acquiring an additional 289,532 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after acquiring an additional 295,132 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock worth $1,220,621,322 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group lowered their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Truist Financial upped their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Maxim Group lifted their price target on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Rosenblatt Securities boosted their price target on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Robert W. Baird raised 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. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $222.84.

Amazon.com Price Performance

Amazon.com stock opened at $191.60 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $178.54 and a 200 day moving average price of $181.98. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The stock has a market cap of $1.99 trillion, a P/E ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced 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. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

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.