Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lowered by MBE Wealth Management LLC

MBE Wealth Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,129 shares of the e-commerce giant’s stock after selling 328 shares during the quarter. MBE Wealth Management LLC’s holdings in Amazon.com were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Collective Family Office LLC raised its holdings in shares of Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC raised its holdings in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $5,926,000. Clearstead Trust LLC raised its holdings in shares of Amazon.com by 25.8% during the fourth quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock valued at $9,958,000 after acquiring an additional 13,454 shares during the period. Finally, Summa Corp. acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $1,506,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the transaction, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction 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 transaction, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Wells Fargo & Company cut their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Jefferies Financial Group cut their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Finally, Needham & Company LLC boosted 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. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $222.49.

Amazon.com Price Performance

NASDAQ:AMZN opened at $171.39 on Friday. The stock has a market cap of $1.78 trillion, a P/E ratio of 48.01, a PEG ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a fifty day moving average price of $181.10 and a 200 day moving average price of $181.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating 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 21.39%. Analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

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.