Round Rock Advisors LLC Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Round Rock Advisors LLC has decreased its stake in Amazon.com, Inc. by 15.6% in the first quarter, now holding 35,382 shares worth approximately $6.73 million.
• Insider trading activity includes CEO Douglas J. Herrington selling 2,500 shares and Jeffrey P. Bezos selling over 2.6 million shares, contributing to a total of over 25 million shares sold by company insiders last quarter.
• Several analysts have revised their price targets for Amazon.com, with the current consensus price target set at $262.45, reflecting varying ratings from "hold" to "strong buy."

Round Rock Advisors LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,382 shares of the e-commerce giant's stock after selling 6,523 shares during the period. Amazon.com comprises 1.2% of Round Rock Advisors LLC's holdings, making the stock its 17th biggest holding. Round Rock Advisors LLC's holdings in Amazon.com were worth $6,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Northern Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares in the last quarter. Balanced Wealth Group LLC raised its stake in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after acquiring an additional 48 shares in the last quarter. ETF Store Inc. raised its stake in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after acquiring an additional 48 shares in the last quarter. Foundry Financial Group Inc. raised its stake in shares of Amazon.com by 3.5% during the 4th quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant's stock worth $331,000 after acquiring an additional 51 shares in the last quarter. Finally, Talisman Wealth Advisors LLC raised its stake in shares of Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock worth $1,020,000 after acquiring an additional 53 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction dated 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 owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,102,037 shares of company stock valued at $5,674,937,048 over the last quarter. Company insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Mizuho reduced their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Jefferies Financial Group boosted their price objective on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Finally, Susquehanna boosted their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $262.45.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $213.75 on Wednesday. The firm has a 50-day simple moving average of $218.57 and a 200-day simple moving average of $208.96. The stock has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $158.54 and a 52 week high of $242.52.

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

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