Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,087 shares of the e-commerce giant's stock after selling 1,368 shares during the period. Brendel Financial Advisors LLC's holdings in Amazon.com were worth $2,300,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter worth about $27,266,582,000. GAMMA Investing LLC grew its position in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares in the last quarter. Capital World Investors grew its position in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its position in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares of the company's stock, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock worth $1,531,840,610 in the last three months. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Jefferies Financial Group lowered their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Citizens Jmp assumed coverage on Amazon.com in a research report on Thursday. They set a "mkt outperform" rating for the company. Finally, Scotiabank cut their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.31.

Amazon.com Stock Down 0.1%

NASDAQ:AMZN opened at $222.26 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 36.20, a P/E/G ratio of 1.67 and a beta of 1.33. The stock's fifty day simple moving average is $209.20 and its 200-day simple moving average is $208.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.

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