Profund Advisors LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Profund Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 460,198 shares of the e-commerce giant’s stock after selling 33,020 shares during the period. Amazon.com comprises 3.3% of Profund Advisors LLC’s holdings, making the stock its 5th largest position. Profund Advisors LLC’s holdings in Amazon.com were worth $88,933,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Phillips Wealth Planners LLC grew its holdings in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the period. Stonekeep Investments LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at $2,588,000. Concord Investment Counsel Inc. bought a new position in shares of Amazon.com during the 1st quarter worth $20,790,000. O Shaughnessy Asset Management LLC increased its holdings in Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after acquiring an additional 133,471 shares during the last quarter. Finally, Eos Management L.P. raised its stake in Amazon.com by 27.1% in the 2nd quarter. Eos Management L.P. now owns 47,554 shares of the e-commerce giant’s stock valued at $9,190,000 after acquiring an additional 10,147 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s 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 transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety 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 Price Performance

Shares of Amazon.com stock opened at $189.07 on Tuesday. The stock has a market capitalization of $1.97 trillion, a P/E ratio of 52.96, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. 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 business’s 50 day simple moving average is $182.43 and its two-hundred day simple moving average is $183.50.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 company 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%. Analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating and set a $210.00 target price on shares of Amazon.com in a research report on Thursday, October 3rd. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Sanford C. Bernstein lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group decreased their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $236.78.

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.