Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Herold Advisors Inc.

Posted by Defense World Staff on Oct 1st, 2023

Herold Advisors Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,786 shares of the e-commerce giant’s stock after selling 1,324 shares during the period. Herold Advisors Inc.’s holdings in Amazon.com were worth $2,319,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Laurel Wealth Planning LLC raised its stake in shares of 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 valued at $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Amazon.com in the fourth quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com in the first quarter valued at $38,000. Ruedi Wealth Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at $40,000. Finally, Atlantic Private Wealth LLC purchased a new position in Amazon.com in the first quarter valued at $43,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock opened at $127.12 on Friday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. 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 stock’s 50 day moving average price is $134.87 and its 200 day moving average price is $121.87. The firm has a market cap of $1.31 trillion, a P/E ratio of 100.09, a PEG ratio of 1.67 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. On average, sell-side analysts expect that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wolfe Research increased their target price on Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. Bank of America reissued a “buy” rating and issued a $174.00 target price on shares of Amazon.com in a report on Tuesday, September 26th. Credit Suisse Group increased their target price on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Loop Capital increased their target price on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price on the stock in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $161.30.

View Our Latest Report on Amazon.com

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,408,645 shares of company stock valued at $55,223,448. 12.30% of the stock is owned by corporate insiders.

About Amazon.com

(Free Report)

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.