Biechele Royce Advisors Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Biechele Royce Advisors reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,626 shares of the e-commerce giant’s stock after selling 850 shares during the period. Biechele Royce Advisors’ holdings in Amazon.com were worth $1,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Nicola Wealth Management LTD. increased its stake in shares of Amazon.com by 22.2% during the second quarter. Nicola Wealth Management LTD. now owns 66,000 shares of the e-commerce giant’s stock worth $12,754,000 after buying an additional 12,000 shares during the period. Confluence Wealth Services Inc. increased its holdings in shares of Amazon.com by 7.5% in the 2nd quarter. Confluence Wealth Services Inc. now owns 26,760 shares of the e-commerce giant’s stock valued at $5,171,000 after acquiring an additional 1,876 shares during the last quarter. Graypoint LLC grew its position in shares of Amazon.com by 4.0% in the 2nd quarter. Graypoint LLC now owns 83,867 shares of the e-commerce giant’s stock valued at $16,207,000 after buying an additional 3,247 shares during the last quarter. Equita Financial Network Inc. raised its stake in Amazon.com by 6.1% during the 2nd quarter. Equita Financial Network Inc. now owns 1,879 shares of the e-commerce giant’s stock worth $363,000 after acquiring an additional 108 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its stake in Amazon.com by 20.2% in the second quarter. Sage Mountain Advisors LLC now owns 51,162 shares of the e-commerce giant’s stock valued at $9,887,000 after acquiring an additional 8,591 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on 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 owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following 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 6,101,797 shares of company stock valued at $1,220,129,922 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $187.97 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The company has a market capitalization of $1.97 trillion, a PE ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a fifty day moving average of $178.83 and a 200-day moving average of $182.48.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on AMZN shares. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Robert W. Baird increased their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.84.

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.