Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 70.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,289 shares of the e-commerce giant’s stock after selling 17,077 shares during the period. Amazon.com accounts for 0.6% of Delap Wealth Advisory LLC’s holdings, making the stock its 24th biggest holding. Delap Wealth Advisory LLC’s holdings in Amazon.com were worth $1,409,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Garrison Point Advisors LLC raised its holdings in Amazon.com by 0.3% in the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after acquiring an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after acquiring an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its holdings in Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after acquiring an additional 56 shares during the last quarter. Stordahl Capital Management Inc. raised its holdings in Amazon.com by 2.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after acquiring an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC raised its holdings in Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after acquiring an additional 57 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $189.70 on Wednesday. The firm’s fifty day simple moving average is $182.82 and its 200-day simple moving average is $183.53. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 53.14, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping 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 firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group increased their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Loop Capital raised their price target on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. BMO Capital Markets restated an “outperform” rating and set a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Finally, TD Securities raised their price target on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 in the last ninety days. 10.80% of the stock is owned by corporate 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.