Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by Burney Co.

Burney Co. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,431 shares of the e-commerce giant’s stock after selling 19,776 shares during the period. Amazon.com makes up 1.3% of Burney Co.’s portfolio, making the stock its 10th biggest position. Burney Co.’s holdings in Amazon.com were worth $33,516,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMZN. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its position in shares of Amazon.com by 291.8% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after buying an additional 21,595 shares during the last quarter. Fisher Asset Management LLC boosted its position in Amazon.com by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after purchasing an additional 888,369 shares during the last quarter. Mechanics Financial Corp boosted its position in Amazon.com by 1.5% in the fourth quarter. Mechanics Financial Corp now owns 16,887 shares of the e-commerce giant’s stock worth $2,566,000 after purchasing an additional 245 shares during the last quarter. West Family Investments Inc. grew its stake in shares of Amazon.com by 1.0% during the 4th quarter. West Family Investments Inc. now owns 22,424 shares of the e-commerce giant’s stock valued at $3,407,000 after purchasing an additional 221 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Amazon.com by 0.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,163,226 shares of the e-commerce giant’s stock valued at $784,501,000 after purchasing an additional 21,404 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMZN. Roth Mkm boosted their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays boosted their price target on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. JMP Securities boosted their price target on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research note on Tuesday, September 3rd. Maxim Group boosted their price target on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $222.84.

Amazon.com Stock Up 0.9 %

Shares of AMZN opened at $191.60 on Friday. The stock has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The business’s 50 day simple moving average is $178.54 and its 200-day simple moving average is $182.04. 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 issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, equities analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, 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 approximately $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 in the last ninety days. Corporate 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.