GoalVest Advisory LLC Sells 2,154 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

GoalVest Advisory LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,880 shares of the e-commerce giant’s stock after selling 2,154 shares during the period. Amazon.com makes up about 0.8% of GoalVest Advisory LLC’s holdings, making the stock its 14th largest holding. GoalVest Advisory LLC’s holdings in Amazon.com were worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Cooksen Wealth LLC bought a new stake in Amazon.com during the fourth quarter valued at $30,000. Clarity Asset Management Inc. bought a new stake in Amazon.com during the fourth quarter valued at $46,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the period. Steph & Co. bought a new stake in Amazon.com during the first quarter valued at $65,000. Finally, Advantage Trust Co bought a new stake in Amazon.com during the fourth quarter valued at $68,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $193.96 on Wednesday. The stock’s 50 day simple moving average is $178.59 and its two-hundred day simple moving average is $182.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 54.33, a PEG ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating 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, analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com 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 sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal 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 stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lowered their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Bank of America lowered their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. The Goldman Sachs Group lowered their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Rosenblatt Securities raised their price target on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Roth Mkm raised their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $222.84.

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.