Truepoint Inc. Sells 1,047 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Truepoint Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% in the second quarter, Holdings Channel.com reports. The fund owned 5,584 shares of the e-commerce giant’s stock after selling 1,047 shares during the period. Truepoint Inc.’s holdings in Amazon.com were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Clarity Asset Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at approximately $46,000. Christopher J. Hasenberg Inc grew its stake in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Finally, Steph & Co. acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $65,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. BMO Capital Markets reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. JMP Securities restated a “market outperform” rating and issued a $265.00 target price on shares of Amazon.com in a research note on Friday. Sanford C. Bernstein upped their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Stifel Nicolaus cut their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Roth Mkm upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $223.65.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,549,744 shares of company stock worth $309,400,324 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.5 %

Shares of NASDAQ AMZN opened at $186.51 on Friday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.24, a P/E/G ratio of 1.46 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average is $179.17 and its 200-day moving average is $182.95.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts predict that Amazon.com, Inc. will post 4.86 EPS for the current year.

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.