Account Management LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Account Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,965 shares of the e-commerce giant’s stock after selling 95 shares during the quarter. Amazon.com comprises approximately 0.4% of Account Management LLC’s holdings, making the stock its 20th largest position. Account Management LLC’s holdings in Amazon.com were worth $380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Howard Capital Management Inc. grew its stake in shares of Amazon.com by 9.6% in the second quarter. Howard Capital Management Inc. now owns 42,049 shares of the e-commerce giant’s stock worth $8,126,000 after acquiring an additional 3,682 shares during the last quarter. Flynn Zito Capital Management LLC grew its position in Amazon.com by 4.3% during the 2nd quarter. Flynn Zito Capital Management LLC now owns 16,827 shares of the e-commerce giant’s stock valued at $3,252,000 after purchasing an additional 696 shares during the last quarter. Candriam S.C.A. increased its stake in Amazon.com by 20.3% during the 2nd quarter. Candriam S.C.A. now owns 1,501,076 shares of the e-commerce giant’s stock valued at $290,069,000 after purchasing an additional 253,352 shares in the last quarter. North Star Asset Management Inc. raised its holdings in Amazon.com by 1.0% in the second quarter. North Star Asset Management Inc. now owns 203,760 shares of the e-commerce giant’s stock worth $39,377,000 after buying an additional 1,997 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Amazon.com by 6.4% in the second quarter. Private Advisor Group LLC now owns 964,741 shares of the e-commerce giant’s stock worth $186,437,000 after buying an additional 57,885 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.5 %

Shares of AMZN opened at $186.51 on Friday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a 50 day simple moving average of $179.17 and a two-hundred day simple moving average of $182.95. 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 firm has a market cap of $1.94 trillion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. On average, equities analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,549,744 shares of company stock worth $309,400,324. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Truist Financial raised their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Jefferies Financial Group lowered their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, September 12th. JMP Securities restated a “market outperform” rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday. Finally, Sanford C. Bernstein lifted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $223.65.

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.