Amazon.com, Inc. (NASDAQ:AMZN) Stake Lessened by McMahon Financial Advisors LLC

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McMahon Financial Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331 shares of the e-commerce giant’s stock after selling 12 shares during the period. Amazon.com makes up approximately 0.5% of McMahon Financial Advisors LLC’s investment portfolio, making the stock its 29th biggest position. McMahon Financial Advisors LLC’s holdings in Amazon.com were worth $627,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Signet Investment Advisory Group Inc. bought a new stake in Amazon.com during the fourth quarter worth approximately $33,000. Financial Advantage Inc. bought a new stake in Amazon.com during the fourth quarter worth approximately $45,000. Litman Gregory Asset Management LLC bought a new stake in Amazon.com during the second quarter worth approximately $53,000. Clear Investment Research LLC boosted its holdings in Amazon.com by 27.6% during the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after buying an additional 8 shares in the last quarter. Finally, Mascoma Wealth Management LLC boosted its holdings in Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares in the last quarter. Institutional investors and hedge funds own 57.26% of the company’s stock.

In related news, CEO Jeffrey A. Wilke sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $1,809.20, for a total value of $1,809,200.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,092,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the transaction, the chief executive officer now owns 92,614 shares in the company, valued at $185,228,000. The disclosure for this sale can be found here. Insiders sold a total of 15,570 shares of company stock worth $29,499,221 over the last quarter. 16.10% of the stock is currently owned by company insiders.

Amazon.com stock opened at $1,754.11 on Wednesday. The company has a market capitalization of $865.46 billion, a P/E ratio of 87.10, a P/E/G ratio of 2.22 and a beta of 1.55. The firm’s fifty day simple moving average is $1,877.38 and its 200-day simple moving average is $1,821.70. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. During the same quarter in the previous year, the business posted $5.07 earnings per share. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 24.19 earnings per share for the current year.

A number of brokerages recently weighed in on AMZN. ValuEngine upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Stifel Nicolaus restated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a report on Friday, July 26th. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research report on Monday, July 29th. Robert W. Baird set a $2,150.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Bank of America restated a “buy” rating and issued a $2,350.00 price target (up previously from $2,300.00) on shares of Amazon.com in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,251.95.

Amazon.com Company Profile

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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