Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 74,099 shares of the e-commerce giant’s stock after selling 772 shares during the period. Amazon.com makes up approximately 1.5% of Griffin Asset Management Inc.’s portfolio, making the stock its 15th biggest position. Griffin Asset Management Inc.’s holdings in Amazon.com were worth $13,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Legal & General Group Plc boosted its position in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after acquiring an additional 295,132 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Evercore ISI boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Pivotal Research initiated coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.2 %

NASDAQ AMZN opened at $211.48 on Friday. The firm’s 50 day moving average price is $189.87 and its two-hundred day moving average price is $185.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The stock has a market cap of $2.22 trillion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. Equities 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.