Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,339 shares of the e-commerce giant's stock after selling 4,426 shares during the period. Amazon.com makes up approximately 4.7% of Strategic Advisors LLC's portfolio, making the stock its 3rd biggest holding. Strategic Advisors LLC's holdings in Amazon.com were worth $24,415,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. Cooksen Wealth LLC purchased a new position in Amazon.com in the fourth quarter valued at approximately $30,000. Strid Group LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $43,000. Harbor Investment Advisory LLC boosted its position in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 1,988 shares during the period. Clarity Asset Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at $46,000. Finally, Steph & Co. purchased a new position in Amazon.com in the first quarter valued at about $65,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company's stock in a transaction that occurred on Monday, July 8th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the business's stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares of the company's stock, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,059,152 shares of company stock valued at $1,212,453,840 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 2.2 %

Amazon.com stock traded down $3.98 during midday trading on Thursday, reaching $176.13. The stock had a trading volume of 31,989,407 shares, compared to its average volume of 43,103,707. The firm's fifty day simple moving average is $183.91 and its two-hundred day simple moving average is $180.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The firm has a market cap of $1.83 trillion, a price-to-earnings ratio of 49.34, a PEG ratio of 1.32 and a beta of 1.15.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Needham & Company LLC increased their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, July 17th. Piper Sandler dropped their price target on shares of Amazon.com from $220.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Itau BBA Securities cut shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Truist Financial raised their target price on Amazon.com from $220.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Finally, Tigress Financial boosted their price target on Amazon.com from $210.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $221.69.

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.