CreativeOne Wealth LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

CreativeOne Wealth LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,454 shares of the e-commerce giant’s stock after selling 8,729 shares during the period. Amazon.com comprises 0.8% of CreativeOne Wealth LLC’s investment portfolio, making the stock its 22nd largest position. CreativeOne Wealth LLC’s holdings in Amazon.com were worth $16,707,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Amazon.com by 1.9% in 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 purchasing an additional 14,724,687 shares during the period. Swedbank AB purchased a new position in shares of Amazon.com in the first quarter worth about $2,239,757,000. Capital World Investors lifted its stake in shares of Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the last quarter. Capital Research Global Investors boosted its holdings in Amazon.com by 8.5% during 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 acquiring an additional 6,810,145 shares during the period. Finally, Global Assets Advisory LLC increased its stake in Amazon.com by 30,350.2% in the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Wolfe Research started coverage on Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Roth Mkm upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Finally, TD Securities boosted their price target on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.78.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $184.71 on Thursday. The firm has a market cap of $1.92 trillion, a P/E ratio of 51.74, a PEG ratio of 1.38 and a beta of 1.14. 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. The company has a 50 day moving average of $183.11 and a 200 day moving average of $183.54.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during 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, research analysts expect that Amazon.com, Inc. will post 4.85 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.