Encompass More Asset Management Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Encompass More Asset Management cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,172 shares of the e-commerce giant’s stock after selling 854 shares during the quarter. Encompass More Asset Management’s holdings in Amazon.com were worth $999,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMZN. Garrison Point Advisors LLC boosted its position in shares of Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after acquiring an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. lifted its position in Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its position in Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after buying an additional 56 shares during the last quarter. Stordahl Capital Management Inc. lifted its position in Amazon.com by 2.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after buying an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC lifted its position in Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 57 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $371,759,651.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction 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 of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMZN shares. BMO Capital Markets restated an “outperform” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Thursday. The Goldman Sachs Group dropped their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Rosenblatt Securities boosted their target price on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus dropped their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Wells Fargo & Company dropped their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $222.84.

Amazon.com Price Performance

Shares of AMZN stock opened at $191.60 on Friday. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. The business’s fifty day moving average is $178.54 and its 200 day moving average is $182.04. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for 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%. Research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal 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.