Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by Yost Capital Management LP

Yost Capital Management LP decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,010 shares of the e-commerce giant’s stock after selling 7,010 shares during the period. Amazon.com accounts for about 2.3% of Yost Capital Management LP’s investment portfolio, making the stock its 14th largest holding. Yost Capital Management LP’s holdings in Amazon.com were worth $1,355,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Ieq Capital LLC increased its holdings in shares of Amazon.com by 8.1% in the second quarter. Ieq Capital LLC now owns 1,195,430 shares of the e-commerce giant’s stock valued at $231,017,000 after buying an additional 89,897 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Amazon.com by 0.8% in the second quarter. Brighton Jones LLC now owns 4,006,146 shares of the e-commerce giant’s stock valued at $774,188,000 after buying an additional 32,903 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Amazon.com by 24.9% in the second quarter. Intech Investment Management LLC now owns 1,354,899 shares of the e-commerce giant’s stock valued at $261,834,000 after buying an additional 270,431 shares in the last quarter. ProVise Management Group LLC increased its holdings in shares of Amazon.com by 2.1% in the second quarter. ProVise Management Group LLC now owns 142,521 shares of the e-commerce giant’s stock valued at $27,542,000 after buying an additional 2,996 shares in the last quarter. Finally, Austin Asset Management Co Inc grew its position in Amazon.com by 3.3% during the 2nd quarter. Austin Asset Management Co Inc now owns 8,829 shares of the e-commerce giant’s stock worth $1,706,000 after purchasing an additional 285 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of AMZN opened at $188.99 on Friday. The company has a 50-day simple moving average of $181.98 and a 200-day simple moving average of $183.42. The firm has a market capitalization of $1.97 trillion, a P/E ratio of 52.94, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced 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 business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, equities research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. Piper Sandler lowered their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Roth Mkm lifted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock valued at $9,877,423. Insiders own 10.80% of the company’s stock.

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.