Amazon.com, Inc. (NASDAQ:AMZN) Stake Cut by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 34.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,252 shares of the e-commerce giant’s stock after selling 36,272 shares during the quarter. Amazon.com makes up about 3.3% of Bulltick Wealth Management LLC’s holdings, making the stock its 5th biggest position. Bulltick Wealth Management LLC’s holdings in Amazon.com were worth $13,576,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Buckingham Capital Management Inc. lifted its stake in Amazon.com by 2.4% in the 1st quarter. Buckingham Capital Management Inc. now owns 107,144 shares of the e-commerce giant’s stock valued at $19,327,000 after buying an additional 2,521 shares in the last quarter. Triangle Securities Wealth Management lifted its stake in Amazon.com by 1.9% in the 1st quarter. Triangle Securities Wealth Management now owns 18,173 shares of the e-commerce giant’s stock valued at $3,278,000 after buying an additional 346 shares in the last quarter. CVA Family Office LLC lifted its stake in shares of Amazon.com by 0.8% during the 1st quarter. CVA Family Office LLC now owns 20,572 shares of the e-commerce giant’s stock worth $3,711,000 after purchasing an additional 164 shares during the period. Johnson & White Wealth Management LLC lifted its stake in shares of Amazon.com by 11.0% during the 1st quarter. Johnson & White Wealth Management LLC now owns 7,337 shares of the e-commerce giant’s stock worth $1,323,000 after purchasing an additional 728 shares during the period. Finally, Daymark Wealth Partners LLC lifted its stake in shares of Amazon.com by 1.1% during the 1st quarter. Daymark Wealth Partners LLC now owns 249,299 shares of the e-commerce giant’s stock worth $44,969,000 after purchasing an additional 2,694 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $189.07 on Tuesday. 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 one year low of $118.35 and a one year high of $201.20. The company’s 50-day simple moving average is $182.43 and its 200-day simple moving average is $183.50. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.38 and a beta of 1.14.

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

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $95,335,255.25. 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 accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,355 shares of company stock valued at $9,877,423. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMZN shares. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research note on Friday, August 2nd. TD Cowen increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, TD Securities increased their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Two equities 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 has an average rating of “Moderate Buy” and an average target price of $236.78.

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.