Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by PFS Partners LLC

PFS Partners LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,904 shares of the e-commerce giant’s stock after selling 60 shares during the period. PFS Partners LLC’s holdings in Amazon.com were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Rather & Kittrell Inc. raised its holdings in shares of Amazon.com by 10.3% in the third quarter. Rather & Kittrell Inc. now owns 1,645 shares of the e-commerce giant’s stock valued at $307,000 after buying an additional 154 shares during the last quarter. Bridges Investment Management Inc. increased its position in Amazon.com by 0.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 1,619,754 shares of the e-commerce giant’s stock valued at $301,809,000 after acquiring an additional 6,730 shares during the period. Klingman & Associates LLC raised its stake in Amazon.com by 10.5% during the 3rd quarter. Klingman & Associates LLC now owns 44,168 shares of the e-commerce giant’s stock valued at $8,230,000 after acquiring an additional 4,194 shares during the last quarter. Processus Wealth & Capital Management LLC lifted its position in Amazon.com by 9.2% during the 3rd quarter. Processus Wealth & Capital Management LLC now owns 36,226 shares of the e-commerce giant’s stock worth $6,750,000 after acquiring an additional 3,037 shares during the period. Finally, Wealth Quarterback LLC grew its stake in shares of Amazon.com by 4.9% in the 3rd quarter. Wealth Quarterback LLC now owns 12,977 shares of the e-commerce giant’s stock valued at $2,418,000 after purchasing an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 4.6 %

Shares of NASDAQ AMZN opened at $220.52 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The business has a 50-day moving average price of $204.37 and a two-hundred day moving average price of $190.75. The firm has a market capitalization of $2.32 trillion, a PE ratio of 47.22, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMZN. Piper Sandler increased their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. UBS Group lifted their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday. Monness Crespi & Hardt increased their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Sanford C. Bernstein increased their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $242.00.

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.