OneDigital Investment Advisors LLC Sells 12,188 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• OneDigital Investment Advisors LLC has reduced its stake in Amazon.com by 3.6%, now holding 324,954 shares worth approximately $61.83 million.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon, a transaction totaling around $609 million, yet he retains nearly 884 million shares valued over $203 billion.
• Despite a previous "buy" rating, analysts at Wall Street Zen have downgraded Amazon's stock to a "hold" rating, while Goldman Sachs has adjusted its target price to $220.00.

OneDigital Investment Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 324,954 shares of the e-commerce giant's stock after selling 12,188 shares during the period. OneDigital Investment Advisors LLC's holdings in Amazon.com were worth $61,826,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the period. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $40,000. Finally, Capitol Family Office Inc. acquired a new stake in Amazon.com during the 1st quarter worth approximately $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. Company insiders own 9.70% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. Royal Bank Of Canada lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday. Tigress Financial raised their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Benchmark restated a "buy" rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Barclays raised their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday. Three research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and two have given 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 $260.85.

Amazon.com Stock Performance

AMZN traded down $19.36 during midday trading on Friday, reaching $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 44,843,602. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a 50-day moving average price of $217.93 and a two-hundred day moving average price of $209.23. The stock has a market cap of $2.28 trillion, a PE ratio of 34.98, a P/E/G ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 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.