Reyes Financial Architecture Inc. Sells 5,914 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Reyes Financial Architecture Inc. significantly reduced its stake in Amazon.com by 75.9%, selling 5,914 shares to hold 1,880 shares valued at approximately $358,000.
• Amazon.com reported robust quarterly earnings, with an EPS of $1.68, exceeding analysts' expectations of $1.31, and a revenue of $167.70 billion, up 13.3% year-over-year.
• Several analysts have raised their price targets for Amazon's stock, with a consensus target of $262.45 and most giving it a “buy” rating.

Reyes Financial Architecture Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 75.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,880 shares of the e-commerce giant's stock after selling 5,914 shares during the period. Reyes Financial Architecture Inc.'s holdings in Amazon.com were worth $358,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMZN. Brighton Jones LLC lifted its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC lifted its position in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after buying an additional 54,987 shares during the period. Highview Capital Management LLC DE lifted its position in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after buying an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com during the fourth quarter worth about $2,153,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMZN. Citigroup increased their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Benchmark restated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Westpark Capital restated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $262.45.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares in the company, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,101,037 shares of company stock worth $5,674,726,368. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN traded up $0.17 during mid-day trading on Tuesday, reaching $221.47. The company had a trading volume of 37,075,084 shares, compared to its average volume of 44,927,371. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company's 50-day moving average is $219.94 and its 200-day moving average is $208.52. The company has a market capitalization of $2.36 trillion, a P/E ratio of 33.76, a P/E/G ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the prior year, the firm posted $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.