Rollins Financial Advisors LLC Trims Stock Position in Amazon.com, Inc. $AMZN

Rollins Financial Advisors LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 194,496 shares of the e-commerce giant’s stock after selling 6,086 shares during the period. Amazon.com makes up 6.8% of Rollins Financial Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Rollins Financial Advisors LLC’s holdings in Amazon.com were worth $42,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Maryland Capital Advisors Inc. raised its stake in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new position in Amazon.com in the second quarter valued at $48,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Amazon.com during the first quarter valued at $59,000. Finally, Access Investment Management LLC acquired a new stake in Amazon.com during the 2nd quarter worth about $74,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director directly owned 26,148 shares in the company, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the sale, the chief executive officer directly owned 493,507 shares in the company, valued at $123,391,555.21. This trade represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 82,234 shares of company stock worth $19,076,767 in the last three months. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMZN shares. Rothschild & Co Redburn reissued a “neutral” rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, November 18th. The Goldman Sachs Group lifted their target price on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Monday, October 20th. BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, October 31st. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $296.11.

Amazon.com Trading Down 1.4%

Shares of AMZN opened at $229.11 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The business has a 50-day moving average of $228.38 and a 200 day moving average of $223.65. The firm has a market cap of $2.45 trillion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $1.43 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.