Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by CCLA Investment Management

CCLA Investment Management cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,108,671 shares of the e-commerce giant’s stock after selling 34,577 shares during the period. Amazon.com makes up 3.4% of CCLA Investment Management’s holdings, making the stock its 2nd biggest holding. CCLA Investment Management’s holdings in Amazon.com were worth $218,717,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Steph & Co. acquired a new stake in shares of Amazon.com during the first quarter valued at about $65,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the first quarter valued at about $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $77,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $188.99 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The stock has a market capitalization of $1.97 trillion, a PE ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. 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 company has a fifty day moving average of $181.98 and a 200-day moving average of $183.41.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. UBS Group lifted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were 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 of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. Company insiders own 10.80% of the company’s stock.

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.