Transce3nd LLC Has $910,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Transce3nd LLC reduced its holdings in Amazon.com, Inc. by 29.8%, selling 2,032 shares and bringing its total shares owned to 4,796, valued at approximately $910,000.
• In recent research reports, analysts have raised their price targets for Amazon.com, with estimates now ranging from $250.00 to $305.00, indicating a general optimism about the company's growth potential.
• Amazon's latest quarterly earnings showed an earnings per share of $1.68, exceeding expectations and marking a revenue increase of 13.3% year-over-year, with total revenue reported at $167.70 billion.

Transce3nd LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,796 shares of the e-commerce giant's stock after selling 2,032 shares during the quarter. Transce3nd LLC's holdings in Amazon.com were worth $910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alexander Labrunerie & CO. Inc. boosted its position in shares of Amazon.com by 0.5% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 32,413 shares of the e-commerce giant's stock worth $6,167,000 after acquiring an additional 169 shares in the last quarter. Carson Advisory Inc. grew its stake in Amazon.com by 2.9% during the 1st quarter. Carson Advisory Inc. now owns 4,777 shares of the e-commerce giant's stock worth $909,000 after buying an additional 136 shares during the last quarter. Sachetta LLC grew its stake in Amazon.com by 3.6% during the 1st quarter. Sachetta LLC now owns 10,401 shares of the e-commerce giant's stock worth $1,979,000 after buying an additional 361 shares during the last quarter. Burling Wealth Partners LLC grew its stake in Amazon.com by 1.4% during the 1st quarter. Burling Wealth Partners LLC now owns 109,257 shares of the e-commerce giant's stock worth $20,787,000 after buying an additional 1,523 shares during the last quarter. Finally, Mystic Asset Management Inc. grew its stake in Amazon.com by 82.1% during the 1st quarter. Mystic Asset Management Inc. now owns 33,071 shares of the e-commerce giant's stock worth $6,292,000 after buying an additional 14,910 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company's stock, valued at $111,114,850. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The shares were 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 approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $0.05 on Friday, reaching $231.03. 39,600,434 shares of the company traded hands, compared to its average volume of 47,994,872. The company's 50 day moving average is $221.41 and its 200-day moving average is $208.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. The company's revenue was up 13.3% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Oppenheimer dropped their price target on Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Royal Bank Of Canada raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Bank of America raised their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. DA Davidson increased their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. One 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 company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price of $262.87.

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.