Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Capstone Triton Financial Group LLC

Capstone Triton Financial Group LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,362 shares of the e-commerce giant’s stock after selling 543 shares during the quarter. Amazon.com makes up 3.8% of Capstone Triton Financial Group LLC’s portfolio, making the stock its 2nd biggest position. Capstone Triton Financial Group LLC’s holdings in Amazon.com were worth $5,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Jennison Associates LLC grew its position in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after buying an additional 295,132 shares during the period. Finally, Capital International Investors increased its stake in shares of Amazon.com by 7.4% in the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after acquiring an additional 2,932,192 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, September 12th. Evercore ISI restated an “outperform” rating and issued a $240.00 price target on shares of Amazon.com in a research note on Friday, October 11th. Stifel Nicolaus lowered their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a research note on Tuesday, October 15th. Finally, Sanford C. Bernstein lifted their price target on 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $188.99 on Monday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market cap of $1.97 trillion, a P/E ratio of 52.94, a PEG ratio of 1.38 and a beta of 1.14. The business’s 50-day moving average price is $181.98 and its 200-day moving average price is $183.43. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate 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 forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

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.