Atlas Financial Advisors Inc. Sells 410 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atlas Financial Advisors Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,836 shares of the e-commerce giant’s stock after selling 410 shares during the period. Amazon.com comprises approximately 0.9% of Atlas Financial Advisors Inc.’s investment portfolio, making the stock its 15th biggest position. Atlas Financial Advisors Inc.’s holdings in Amazon.com were worth $548,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AMZN. Addison Advisors LLC grew its holdings in shares of Amazon.com by 7.8% during the 2nd quarter. Addison Advisors LLC now owns 6,252 shares of the e-commerce giant’s stock valued at $1,208,000 after purchasing an additional 454 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Amazon.com by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 53,770 shares of the e-commerce giant’s stock valued at $10,391,000 after buying an additional 451 shares in the last quarter. Arcadia Investment Management Corp MI grew its stake in shares of Amazon.com by 6.9% during the second quarter. Arcadia Investment Management Corp MI now owns 76,593 shares of the e-commerce giant’s stock worth $14,802,000 after buying an additional 4,963 shares during the last quarter. ICW Investment Advisors LLC increased its holdings in shares of Amazon.com by 0.8% during the second quarter. ICW Investment Advisors LLC now owns 11,814 shares of the e-commerce giant’s stock worth $2,283,000 after buying an additional 96 shares in the last quarter. Finally, Wellington Shields Capital Management LLC lifted its stake in shares of Amazon.com by 2.5% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 94,074 shares of the e-commerce giant’s stock valued at $18,180,000 after acquiring an additional 2,283 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Rosenblatt Securities upped their target price on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Bank of America lowered their price objective on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird raised their price target 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. 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 on the stock. in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average price target of $223.65.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $186.51 on Friday. The stock’s fifty day simple moving average is $179.17 and its two-hundred day simple moving average is $182.95. The stock has a market cap of $1.94 trillion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 1.46 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. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

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

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents 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, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,549,744 shares of company stock worth $309,400,324 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.