Traction Financial Partners LLC Sells 77 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Traction Financial Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,485 shares of the e-commerce giant’s stock after selling 77 shares during the period. Traction Financial Partners LLC’s holdings in Amazon.com were worth $441,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Prentice Wealth Management LLC lifted its stake in shares of Amazon.com by 4.6% in the first quarter. Prentice Wealth Management LLC now owns 9,856 shares of the e-commerce giant’s stock worth $1,778,000 after buying an additional 436 shares in the last quarter. Security National Bank lifted its position in Amazon.com by 0.7% in the 1st quarter. Security National Bank now owns 73,164 shares of the e-commerce giant’s stock valued at $13,197,000 after acquiring an additional 533 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its stake in Amazon.com by 3.5% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 98,998 shares of the e-commerce giant’s stock valued at $18,409,000 after purchasing an additional 3,376 shares during the last quarter. West Paces Advisors Inc. increased its holdings in shares of Amazon.com by 8.7% in the 1st quarter. West Paces Advisors Inc. now owns 9,485 shares of the e-commerce giant’s stock worth $1,711,000 after purchasing an additional 758 shares in the last quarter. Finally, Ayalon Insurance Comp Ltd. raised its stake in shares of Amazon.com by 9.0% in the first quarter. Ayalon Insurance Comp Ltd. now owns 14,518 shares of the e-commerce giant’s stock worth $2,619,000 after purchasing an additional 1,198 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. The Goldman Sachs Group reduced their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 3rd. TD Cowen raised their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company downgraded Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Finally, Barclays increased their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was 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 at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock valued at $9,877,423 over the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ AMZN opened at $187.83 on Monday. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. 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 market cap of $1.95 trillion, a price-to-earnings ratio of 52.61, a PEG ratio of 1.38 and a beta of 1.14. The business’s 50 day moving average price is $183.50 and its 200-day moving average price is $183.54.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current 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.