Morling Financial Advisors LLC Has $1.88 Million Position in Amazon.com, Inc. $AMZN

Morling Financial Advisors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.9% in the second quarter, HoldingsChannel.com reports. The firm owned 8,587 shares of the e-commerce giant’s stock after selling 2,690 shares during the period. Amazon.com comprises 0.6% of Morling Financial Advisors LLC’s holdings, making the stock its 20th largest position. Morling Financial Advisors LLC’s holdings in Amazon.com were worth $1,884,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Traub Capital Management LLC acquired a new position in shares of Amazon.com during the second quarter valued at about $1,916,000. Pineridge Advisors LLC boosted its stake in Amazon.com by 3.7% during the 2nd quarter. Pineridge Advisors LLC now owns 1,894 shares of the e-commerce giant’s stock valued at $416,000 after purchasing an additional 67 shares during the last quarter. Highview Capital Management LLC DE boosted its stake in Amazon.com by 2.5% during the 2nd quarter. Highview Capital Management LLC DE now owns 30,682 shares of the e-commerce giant’s stock valued at $6,731,000 after purchasing an additional 759 shares during the last quarter. Birchbrook Inc. increased its holdings in Amazon.com by 1.8% during the 2nd quarter. Birchbrook Inc. now owns 14,275 shares of the e-commerce giant’s stock worth $3,132,000 after purchasing an additional 249 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in shares of Amazon.com by 1.8% in the second quarter. HHM Wealth Advisors LLC now owns 41,650 shares of the e-commerce giant’s stock worth $9,138,000 after purchasing an additional 751 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares in the company, valued at $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. The trade was a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,234 shares of company stock valued at $19,076,767. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.2%

AMZN opened at $226.89 on Tuesday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The company’s 50-day moving average price is $228.67 and its two-hundred day moving average price is $224.28. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The company 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%. Amazon.com’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMZN. BNP Paribas Exane assumed coverage on Amazon.com in a research report on Monday, November 24th. They set an “outperform” rating on the stock. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Telsey Advisory Group increased their target price on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, November 26th. Finally, President Capital upped their price objective on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $296.78.

Amazon.com Company 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.