Liberty One Investment Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,022 shares of the e-commerce giant’s stock after selling 934 shares during the quarter. Liberty One Investment Management LLC’s holdings in Amazon.com were worth $6,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the second quarter valued at about $27,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter valued at approximately $36,000. Maryland Capital Advisors Inc. grew its holdings in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth approximately $48,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Amazon.com in the 1st quarter worth approximately $59,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Performance
Shares of NASDAQ:AMZN opened at $244.20 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.29. The firm’s 50-day moving average is $228.61 and its 200 day moving average is $220.04.
Analyst Ratings Changes
A number of research firms recently weighed in on AMZN. Citizens Jmp raised their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Wedbush reiterated an “outperform” rating and set a $340.00 price objective on shares of Amazon.com in a research report on Monday, November 3rd. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Arete upped their target price on shares of Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, JMP Securities set a $300.00 price target on shares of Amazon.com in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $294.15.
Check Out Our Latest Stock Analysis on Amazon.com
Insider Buying and Selling
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 128,084 shares of company stock worth $29,405,457 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.
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.
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