Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Crown Wealth Group LLC

Crown Wealth Group LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,340 shares of the e-commerce giant’s stock after selling 2,138 shares during the quarter. Amazon.com comprises approximately 1.8% of Crown Wealth Group LLC’s holdings, making the stock its 13th largest position. Crown Wealth Group LLC’s holdings in Amazon.com were worth $3,544,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the period. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth $17,700,551,000. Capital Research Global Investors boosted its holdings in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Bank of New York Mellon Corp boosted its holdings in Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after buying an additional 295,132 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMZN shares. Robert W. Baird increased their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. TD Securities increased their target price on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $222.84.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock worth $1,220,621,322 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $191.60 on Friday. The firm has a market capitalization of $1.99 trillion, a PE ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The business’s 50-day simple moving average is $178.54 and its 200 day simple moving average is $181.98. 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 (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

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.