Amazon.com, Inc. $AMZN Shares Sold by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 25.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,192 shares of the e-commerce giant’s stock after selling 7,462 shares during the quarter. Amazon.com accounts for about 0.5% of N.E.W. Advisory Services LLC’s investment portfolio, making the stock its 29th largest holding. N.E.W. Advisory Services LLC’s holdings in Amazon.com were worth $4,869,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Carderock Capital Management Inc. purchased a new position in Amazon.com in the 2nd quarter valued at about $27,000. Maryland Capital Advisors Inc. lifted its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares in the last quarter. Ryan Investment Management Inc. purchased a new position in Amazon.com in the second quarter valued at about $48,000. Cooksen Wealth LLC grew its stake in Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com during the 1st quarter worth approximately $59,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $226.19 on Friday. The company has a market cap of $2.42 trillion, a PE ratio of 31.95, a P/E/G ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a 50-day simple moving average of $229.35 and a 200 day simple moving average of $224.87. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. Amazon.com’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Citizens Jmp reiterated a “market outperform” rating and set a $300.00 target price on shares of Amazon.com in a research note on Wednesday, December 3rd. Maxim Group upped their price target on shares of Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 31st. BNP Paribas assumed coverage on shares of Amazon.com in a research note on Monday, November 24th. They set an “outperform” rating on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, December 8th. Finally, TD Cowen restated a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $295.43.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 22,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the sale, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the transaction, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is owned by company insiders.

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.