Blue Bell Private Wealth Management LLC cut its stake in Amazon.com Inc. (NASDAQ:AMZN) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 198 shares of the e-commerce giant’s stock after selling 3 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Amazon.com were worth $142,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of AMZN. Kistler Tiffany Companies LLC raised its stake in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares during the last quarter. West Oak Capital LLC raised its stake in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares during the last quarter. Perkins Coie Trust Co raised its stake in shares of Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock valued at $161,000 after buying an additional 150 shares during the last quarter. Ironwood Investment Counsel LLC acquired a new stake in shares of Amazon.com during the first quarter valued at about $203,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $205,000. Institutional investors own 65.47% of the company’s stock.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 1.22% on Monday, hitting $812.95. 3,361,492 shares of the company traded hands. The firm’s 50 day moving average price is $801.27 and its 200-day moving average price is $729.86. Amazon.com Inc. has a 1-year low of $474.00 and a 1-year high of $847.21. The stock has a market capitalization of $385.40 billion, a price-to-earnings ratio of 202.18 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. During the same quarter in the prior year, the firm posted $0.19 EPS. Amazon.com’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com Inc. will post $5.85 earnings per share for the current year.
AMZN has been the topic of several recent research reports. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $920.00 price target on shares of Amazon.com in a research note on Thursday, September 8th. Mizuho lifted their price objective on shares of Amazon.com from $855.00 to $950.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Evercore ISI reissued a “buy” rating and issued a $1,015.00 price objective (up previously from $930.00) on shares of Amazon.com in a research report on Friday, September 16th. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price objective for the company in a research report on Thursday, October 6th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $900.00 price objective on shares of Amazon.com in a research report on Wednesday, September 7th. Five investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $897.87.
In other Amazon.com news, VP Shelley Reynolds sold 625 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $770.10, for a total value of $481,312.50. Following the sale, the vice president now owns 6,519 shares in the company, valued at $5,020,281.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now owns 68,141 shares in the company, valued at approximately $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).