Amazon.com, Inc. $AMZN Stock Position Decreased by Avenir Corp

Avenir Corp cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the second quarter, HoldingsChannel reports. The fund owned 400,183 shares of the e-commerce giant’s stock after selling 3,940 shares during the period. Amazon.com makes up approximately 9.0% of Avenir Corp’s holdings, making the stock its 4th largest holding. Avenir Corp’s holdings in Amazon.com were worth $87,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at $27,000. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new stake in Amazon.com during the second quarter valued at about $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com in the first quarter valued at about $59,000. Finally, Access Investment Management LLC bought a new position in shares of Amazon.com in the second quarter worth about $74,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMZN. Telsey Advisory Group lifted their target price on Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Daiwa Capital Markets lifted their price objective on shares of Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wells Fargo & Company reissued an “overweight” rating and issued a $295.00 target price (up previously from $292.00) on shares of Amazon.com in a report on Tuesday, December 2nd. Loop Capital upped their target price on shares of Amazon.com from $300.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Sanford C. Bernstein set a $300.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $226.19 on Friday. The firm has a fifty day simple moving average of $229.35 and a two-hundred day simple moving average of $224.73. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 31.95, a PEG ratio of 1.58 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the transaction, the chief executive officer owned 505,934 shares in the company, valued at approximately $117,993,927.48. The trade was 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, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 82,234 shares of company stock valued at $19,076,767. Corporate insiders own 9.70% of the company’s stock.

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.