Schechter Investment Advisors LLC Has $16.69 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Schechter Investment Advisors LLC reduced its Amazon.com, Inc. shares by 13.0% in Q1, now holding 87,733 shares valued at approximately $16.69 million.
• Amazon reported better-than-expected Q2 earnings with $1.68 earnings per share and revenue of $167.70 billion, surpassing consensus estimates.
• Insider transactions included Jeff Bezos selling over 2.6 million shares, while analysts are optimistic, with several raising their target prices for the stock.

Schechter Investment Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,733 shares of the e-commerce giant's stock after selling 13,094 shares during the quarter. Amazon.com makes up about 1.4% of Schechter Investment Advisors LLC's holdings, making the stock its 14th largest position. Schechter Investment Advisors LLC's holdings in Amazon.com were worth $16,692,000 at the end of the most recent quarter.

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

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on 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 $203,649,402,587.43. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,101,037 shares of company stock valued at $5,674,726,368 over the last three months. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. Scotiabank boosted their target price on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Wedbush upped their target price on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, BMO Capital Markets upped their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of "Buy" and a consensus price target of $262.45.

Amazon.com Stock Performance

NASDAQ AMZN traded up $0.02 during trading on Tuesday, hitting $221.32. The company's stock had a trading volume of 14,934,306 shares, compared to its average volume of 44,775,840. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a market cap of $2.36 trillion, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The firm has a 50 day moving average price of $219.94 and a 200 day moving average price of $208.52. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company 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 business earned $1.26 earnings per share. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts forecast 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.