Amazon.com, Inc. (NASDAQ:AMZN) is Sequoia Financial Advisors LLC’s 7th Largest Position

Sequoia Financial Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,101,583 shares of the e-commerce giant’s stock after purchasing an additional 12,082 shares during the period. Amazon.com makes up 2.6% of Sequoia Financial Advisors LLC’s holdings, making the stock its 7th biggest holding. Sequoia Financial Advisors LLC’s holdings in Amazon.com were worth $212,881,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Norges Bank acquired a new position in Amazon.com during the 4th quarter worth $17,700,551,000. Capital Research Global Investors increased 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 worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Jennison Associates LLC increased its holdings in Amazon.com by 0.5% during the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Amazon.com by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after purchasing an additional 1,525,922 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were 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 in the company, valued at $21,989,299.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s 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 sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. In the last three months, insiders sold 6,107,817 shares of company stock valued at $1,221,241,837. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.4 %

Shares of Amazon.com stock opened at $173.12 on Wednesday. The company has a market cap of $1.80 trillion, a P/E ratio of 48.49, a PEG ratio of 1.32 and a beta of 1.15. The firm has a fifty day moving average of $183.61 and a two-hundred day moving average of $181.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. On average, analysts forecast that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. JPMorgan Chase & Co. cut their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Evercore ISI boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Mizuho raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Jefferies Financial Group lowered their target price on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Needham & Company LLC increased their target price on Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $221.36.

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.