Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by Summit Trail Advisors LLC

Summit Trail Advisors LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,625 shares of the e-commerce giant’s stock after selling 13,733 shares during the quarter. Amazon.com makes up approximately 0.6% of Summit Trail Advisors LLC’s holdings, making the stock its 25th largest position. Summit Trail Advisors LLC’s holdings in Amazon.com were worth $21,378,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Center Lake Capital Management LLC grew its position in Amazon.com by 25.0% in the 2nd quarter. Center Lake Capital Management LLC now owns 50,000 shares of the e-commerce giant’s stock worth $9,662,000 after purchasing an additional 10,000 shares during the last quarter. Kiely Wealth Advisory Group Inc. boosted its position in shares of Amazon.com by 1.5% during the second quarter. Kiely Wealth Advisory Group Inc. now owns 5,500 shares of the e-commerce giant’s stock worth $1,063,000 after buying an additional 80 shares during the period. Thames Capital Management LLC boosted its position in shares of Amazon.com by 8.9% during the second quarter. Thames Capital Management LLC now owns 78,396 shares of the e-commerce giant’s stock worth $15,150,000 after buying an additional 6,439 shares during the period. Columbus Hill Capital Management L.P. grew its holdings in Amazon.com by 3.6% in the 2nd quarter. Columbus Hill Capital Management L.P. now owns 236,345 shares of the e-commerce giant’s stock worth $45,674,000 after buying an additional 8,193 shares in the last quarter. Finally, Sei Investments Co. increased its position in Amazon.com by 2.7% in the 2nd quarter. Sei Investments Co. now owns 8,004,950 shares of the e-commerce giant’s stock valued at $1,546,957,000 after acquiring an additional 209,490 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $188.99 on Monday. The company’s 50 day moving average price is $181.98 and its 200 day moving average price is $183.43. 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. The company has a market capitalization of $1.97 trillion, a PE ratio of 52.94, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on AMZN. JPMorgan Chase & Co. reduced their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Thursday, September 19th. Roth Mkm boosted their price target 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. Finally, Bank of America decreased their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the 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 completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last quarter. Insiders own 10.80% of the company’s stock.

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.