Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Cascade Wealth Advisors Inc

Cascade Wealth Advisors Inc reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,680 shares of the e-commerce giant’s stock after selling 110 shares during the quarter. Cascade Wealth Advisors Inc’s holdings in Amazon.com were worth $302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $30,000. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $46,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Steph & Co. purchased a new stake in shares of Amazon.com in the first quarter valued at about $65,000. Finally, Advantage Trust Co purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $68,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMZN. TD Cowen upped their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. BMO Capital Markets reissued an “outperform” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Thursday. Tigress Financial upped their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Maxim Group upped their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $222.84.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock valued at $1,220,621,322 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $191.60 on Friday. The firm has a market cap of $1.99 trillion, a P/E ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. 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, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The firm has a fifty day moving average of $178.54 and a two-hundred day moving average of $181.98.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal 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.