Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by First United Bank & Trust

First United Bank & Trust lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the third quarter, HoldingsChannel.com reports. The fund owned 11,647 shares of the e-commerce giant’s stock after selling 765 shares during the quarter. First United Bank & Trust’s holdings in Amazon.com were worth $2,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Crane Advisory LLC grew its holdings in Amazon.com by 12.9% during the 3rd quarter. Crane Advisory LLC now owns 4,042 shares of the e-commerce giant’s stock valued at $739,000 after buying an additional 463 shares during the last quarter. PFG Advisors grew its holdings in Amazon.com by 0.7% during the 3rd quarter. PFG Advisors now owns 65,994 shares of the e-commerce giant’s stock valued at $12,297,000 after buying an additional 478 shares during the last quarter. Regatta Capital Group LLC grew its holdings in Amazon.com by 1.2% during the 3rd quarter. Regatta Capital Group LLC now owns 62,554 shares of the e-commerce giant’s stock valued at $11,656,000 after buying an additional 766 shares during the last quarter. Prospect Financial Services LLC boosted its holdings in shares of Amazon.com by 17.4% during the third quarter. Prospect Financial Services LLC now owns 28,878 shares of the e-commerce giant’s stock worth $5,381,000 after purchasing an additional 4,290 shares during the last quarter. Finally, Paragon Financial Partners Inc. boosted its holdings in shares of Amazon.com by 15.5% during the third quarter. Paragon Financial Partners Inc. now owns 8,190 shares of the e-commerce giant’s stock worth $1,526,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AMZN. Benchmark raised their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Maxim Group increased their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Finally, Robert W. Baird increased their target price on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

Amazon.com Stock Performance

Shares of AMZN stock opened at $214.10 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $189.05 and a two-hundred day moving average of $185.15. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.09. The company has a market cap of $2.25 trillion, a P/E ratio of 45.85, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.