Amazon.com, Inc. (NASDAQ:AMZN) is American National Registered Investment Advisor Inc.’s 3rd Largest Position

American National Registered Investment Advisor Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,290 shares of the e-commerce giant’s stock after selling 36 shares during the period. Amazon.com accounts for approximately 4.0% of American National Registered Investment Advisor Inc.’s holdings, making the stock its 3rd largest position. American National Registered Investment Advisor Inc.’s holdings in Amazon.com were worth $11,318,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MRJ Capital Inc. bought a new position in Amazon.com in the 1st quarter worth $49,000. Cowa LLC boosted its holdings in Amazon.com by 100.0% in the 1st quarter. Cowa LLC now owns 20 shares of the e-commerce giant’s stock worth $68,000 after buying an additional 10 shares during the period. Laurel Wealth Planning LLC boosted its holdings in Amazon.com by 57.1% in the 2nd quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 8 shares during the period. Newfound Research LLC boosted its holdings in Amazon.com by 62.5% in the 2nd quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after buying an additional 10 shares during the period. Finally, Horan Securities Inc. boosted its holdings in Amazon.com by 125.0% in the 2nd quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock worth $92,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 57.67% of the company’s stock.

In other news, CEO David H. Clark sold 243 shares of the company’s stock in a transaction that occurred on Wednesday, July 7th. The shares were sold at an average price of $3,717.29, for a total value of $903,301.47. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 1,356 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total transaction of $4,451,748.00. Following the completion of the transaction, the chief executive officer now owns 3,082 shares in the company, valued at $10,118,206. The disclosure for this sale can be found here. Insiders sold a total of 4,463 shares of company stock worth $14,784,642 over the last quarter. 14.00% of the stock is currently owned by company insiders.

Several research analysts recently weighed in on the stock. Susquehanna dropped their target price on shares of Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating for the company in a report on Friday, July 30th. JPMorgan Chase & Co. dropped their price objective on shares of Amazon.com from $4,600.00 to $4,100.00 and set an “overweight” rating for the company in a report on Friday, July 30th. Wedbush reissued a “buy” rating and set a $4,300.00 price objective on shares of Amazon.com in a report on Monday, July 26th. Susquehanna Bancshares dropped their price objective on shares of Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating for the company in a report on Friday, July 30th. Finally, Benchmark dropped their price objective on shares of Amazon.com from $4,400.00 to $4,200.00 and set a “buy” rating for the company in a report on Friday, July 30th. One analyst has rated the stock with a hold rating and forty have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $4,151.30.

AMZN stock opened at $3,450.00 on Wednesday. The stock has a market capitalization of $1.75 trillion, a P/E ratio of 60.14, a P/E/G ratio of 2.41 and a beta of 1.14. The firm has a 50-day simple moving average of $3,459.88 and a 200-day simple moving average of $3,334.44. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 52 week low of $2,871.00 and a 52 week high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share for the quarter, topping analysts’ consensus estimates of $12.22 by $2.90. The firm had revenue of $113.08 billion for the quarter, compared to analyst estimates of $115.08 billion. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. On average, analysts expect that Amazon.com, Inc. will post 52.18 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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