Level Financial Advisors Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% during the 2nd quarter, Holdings Channel reports. The firm owned 3,185 shares of the e-commerce giant’s stock after selling 255 shares during the period. Level Financial Advisors Inc.’s holdings in Amazon.com were worth $415,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Laurel Wealth Planning LLC raised its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in Amazon.com in the fourth quarter worth about $37,000. Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com in the first quarter worth about $38,000. Ruedi Wealth Management Inc. bought a new position in Amazon.com in the fourth quarter worth about $40,000. Finally, Atlantic Private Wealth LLC purchased a new stake in Amazon.com in the first quarter worth $43,000. 57.96% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at approximately $14,750,889.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 42,816 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,408,645 shares of company stock valued at $55,223,448. Corporate insiders own 12.30% of the company’s stock.
Amazon.com Trading Up 0.9 %
Shares of Amazon.com stock opened at $127.12 on Friday. The company has a market capitalization of $1.31 trillion, a P/E ratio of 100.10, a P/E/G ratio of 1.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The company has a fifty day moving average of $134.87 and a 200 day moving average of $121.68. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The company had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on AMZN shares. Canaccord Genuity Group upped their price target on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a research note on Friday, August 4th. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Piper Sandler boosted their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price objective on shares of Amazon.com in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $161.30.
Get Our Latest Stock Analysis on Amazon.com
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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