Valmark Advisers Inc. Sells 2,134 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Valmark Advisers Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,288 shares of the e-commerce giant's stock after selling 2,134 shares during the quarter. Valmark Advisers Inc.'s holdings in Amazon.com were worth $11,280,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth approximately $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth approximately $40,000. Finally, Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Benchmark restated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Rosenblatt Securities upped their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Raymond James Financial reiterated an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Stifel Nicolaus dropped their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $249.42.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 1.2%

NASDAQ AMZN opened at $225.02 on Monday. The firm has a market cap of $2.39 trillion, a P/E ratio of 36.65, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock's 50-day moving average is $209.90 and its 200-day moving average is $208.36. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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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