Guidance Point Advisors LLC Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Guidance Point Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,624 shares of the e-commerce giant’s stock after selling 440 shares during the quarter. Guidance Point Advisors LLC’s holdings in Amazon.com were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $30,000. Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth approximately $46,000. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Steph & Co. bought a new stake in shares of Amazon.com during the 1st quarter valued at $65,000. Finally, Advantage Trust Co purchased a new position in shares of Amazon.com during the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.9 %

Shares of NASDAQ:AMZN opened at $191.60 on Friday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The business has a 50 day simple moving average of $178.54 and a two-hundred day simple moving average of $181.98. The firm has a market capitalization of $1.99 trillion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last announced 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 return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, equities analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, 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 completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AMZN shares. Stifel Nicolaus decreased their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Piper Sandler decreased their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. TD Securities raised their price target on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Finally, Wolfe Research started coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $222.84.

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.