Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Cut by Aljian Capital Management LLC

Aljian Capital Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,755 shares of the e-commerce giant’s stock after selling 1,549 shares during the quarter. Amazon.com makes up approximately 14.1% of Aljian Capital Management LLC’s holdings, making the stock its 3rd biggest position. Aljian Capital Management LLC’s holdings in Amazon.com were worth $42,468,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cooksen Wealth LLC bought a new stake in Amazon.com during the fourth quarter valued at about $30,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at about $46,000. Steph & Co. purchased a new position in shares of Amazon.com during the 1st quarter valued at about $65,000. Advantage Trust Co bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $68,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in Amazon.com in the 1st quarter worth approximately $69,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, 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 approximately $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were 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 of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMZN shares. Truist Financial upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Stifel Nicolaus dropped their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. TD Cowen upped their price objective 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, Barclays lifted their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.49.

Amazon.com Trading Down 0.9 %

AMZN opened at $184.89 on Tuesday. 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 quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.79, a P/E/G ratio of 1.39 and a beta of 1.14. The stock’s 50 day moving average price is $179.22 and its 200-day moving average price is $181.74.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $148.63 billion. On average, equities analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

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.