Cerity Partners LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,550 shares of the e-commerce giant’s stock after selling 1,261 shares during the quarter. Amazon.com comprises about 1.6% of Cerity Partners LLC’s portfolio, making the stock its 10th biggest position. Cerity Partners LLC’s holdings in Amazon.com were worth $29,107,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Gantzert Investment Co. LLC ADV purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $28,000. Lountzis Asset Management LLC purchased a new stake in shares of Amazon.com during the second quarter valued at $28,000. Sofos Investments Inc. increased its position in shares of Amazon.com by 120.0% in the 1st quarter. Sofos Investments Inc. now owns 121 shares of the e-commerce giant’s stock valued at $31,000 after acquiring an additional 66 shares during the period. James Investment Research Inc. purchased a new position in Amazon.com in the 2nd quarter worth $55,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Amazon.com by 262.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant’s stock worth $57,000 after acquiring an additional 21 shares during the period. Hedge funds and other institutional investors own 57.32% of the company’s stock.
In other news, SVP David Zapolsky sold 1,238 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $3,173.12, for a total transaction of $3,928,322.56. Following the completion of the sale, the senior vice president now owns 5,064 shares in the company, valued at $16,068,679.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 1,377 shares of Amazon.com stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3,173.12, for a total value of $4,369,386.24. Following the completion of the transaction, the chief financial officer now owns 2,638 shares in the company, valued at $8,370,690.56. The disclosure for this sale can be found here. Insiders have sold 102,815 shares of company stock worth $324,095,003 in the last three months. Corporate insiders own 16.10% of the company’s stock.
AMZN traded down $8.88 during trading on Wednesday, reaching $3,147.25. The company’s stock had a trading volume of 35,168 shares, compared to its average volume of 4,676,850. The company has a market cap of $1,580.87 billion, a price-to-earnings ratio of 121.34, a PEG ratio of 3.23 and a beta of 1.32. The firm has a fifty day simple moving average of $3,230.98 and a two-hundred day simple moving average of $2,603.18. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 0.45.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. The firm had revenue of $88.91 billion during the quarter, compared to analysts’ expectations of $81.56 billion. As a group, equities analysts forecast that Amazon.com, Inc. will post 31.92 EPS for the current fiscal year.
Several research analysts have recently issued reports on the company. SunTrust Banks restated a “buy” rating and issued a $3,600.00 price objective (up from $3,400.00) on shares of Amazon.com in a research note on Thursday, July 30th. Telsey Advisory Group raised their price target on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, August 3rd. Bank of America increased their price objective on shares of Amazon.com from $3,000.00 to $3,280.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Edward Jones restated a “buy” rating on shares of Amazon.com in a research report on Friday, July 31st. Six analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $3,291.50.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
See Also: Understanding Stock Ratings
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.