Fluent Financial LLC Sells 17,695 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fluent Financial LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 53.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,227 shares of the e-commerce giant’s stock after selling 17,695 shares during the quarter. Amazon.com comprises approximately 1.5% of Fluent Financial LLC’s portfolio, making the stock its 26th biggest position. Fluent Financial LLC’s holdings in Amazon.com were worth $2,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Clarity Asset Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at approximately $46,000. Christopher J. Hasenberg Inc raised its position in shares of 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 last quarter. Finally, Steph & Co. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $65,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMZN shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, September 30th. TD Cowen raised their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Thursday, September 12th. JMP Securities reissued a “market outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research report on Friday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. One investment 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 stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $223.65.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com 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 completion of the transaction, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 266,396 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total value of $53,281,863.96. Following the completion of the transaction, the insider now owns 928,433,873 shares of the company’s stock, valued at approximately $185,696,058,938.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,549,744 shares of company stock valued at $309,400,324 over the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 2.5 %

Shares of Amazon.com stock opened at $186.51 on Friday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The stock has a market cap of $1.94 trillion, a P/E ratio of 52.24, a P/E/G ratio of 1.46 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. The stock’s 50 day simple moving average is $179.17 and its 200-day simple moving average is $182.95.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm 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%. Analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Amazon.com 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.