Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by jvl associates llc

jvl associates llc reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,888 shares of the e-commerce giant’s stock after selling 1,365 shares during the quarter. jvl associates llc’s holdings in Amazon.com were worth $724,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. PayPay Securities Corp boosted its holdings 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 buying an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the 1st quarter valued at $69,000. Innealta Capital LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth $77,000. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The trade was 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 link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMZN. Rosenblatt Securities upped their target price on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Pivotal Research initiated coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Piper Sandler reduced their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.76.

Amazon.com Price Performance

NASDAQ AMZN opened at $186.40 on Friday. The stock has a 50-day simple moving average of $184.40 and a 200 day simple moving average of $183.65. Amazon.com, Inc. has a twelve month low of $131.71 and a twelve month high of $201.20. The stock has a market capitalization of $1.96 trillion, a PE ratio of 44.59, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Research analysts anticipate that Amazon.com, Inc. will post 4.85 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.