Goodman Advisory Group LLC Sells 1,031 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Goodman Advisory Group LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,070 shares of the e-commerce giant’s stock after selling 1,031 shares during the quarter. Amazon.com makes up 1.9% of Goodman Advisory Group LLC’s holdings, making the stock its 15th largest holding. Goodman Advisory Group LLC’s holdings in Amazon.com were worth $6,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cim Investment Management Inc. lifted its stake in shares of Amazon.com by 0.9% during the 2nd quarter. Cim Investment Management Inc. now owns 27,812 shares of the e-commerce giant’s stock worth $5,375,000 after purchasing an additional 236 shares during the last quarter. Core Wealth Advisors Inc. lifted its stake in shares of Amazon.com by 309.3% during the 2nd quarter. Core Wealth Advisors Inc. now owns 11,081 shares of the e-commerce giant’s stock worth $2,141,000 after purchasing an additional 8,374 shares during the last quarter. Arkos Global Advisors lifted its stake in shares of Amazon.com by 20.9% during the 2nd quarter. Arkos Global Advisors now owns 4,896 shares of the e-commerce giant’s stock worth $946,000 after purchasing an additional 847 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Amazon.com by 0.7% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 28,270 shares of the e-commerce giant’s stock worth $5,463,000 after purchasing an additional 209 shares during the last quarter. Finally, Ninepoint Partners LP lifted its stake in shares of Amazon.com by 18.2% during the 2nd quarter. Ninepoint Partners LP now owns 7,844 shares of the e-commerce giant’s stock worth $1,516,000 after purchasing an additional 1,210 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ AMZN opened at $187.83 on Friday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market capitalization of $1.95 trillion, a PE ratio of 52.61, a PEG ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $183.50 and a 200-day simple moving average of $183.56.

Amazon.com (NASDAQ:AMZN) last released its 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. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, equities analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Scotiabank assumed coverage on Amazon.com in a research note on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price objective for the company. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Jefferies Financial Group decreased their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Loop Capital increased their price target on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Piper Sandler decreased their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $236.78.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’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 completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by corporate insiders.

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.