Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,670 shares of the e-commerce giant’s stock after selling 2,430 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Amazon.com were worth $1,429,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMZN. Carl P. Sherr & Co. LLC boosted its position in Amazon.com by 40.6% during the 3rd quarter. Carl P. Sherr & Co. LLC now owns 11,633 shares of the e-commerce giant’s stock worth $2,168,000 after purchasing an additional 3,359 shares during the period. Stockbridge Partners LLC boosted its position in shares of Amazon.com by 30.5% in the third quarter. Stockbridge Partners LLC now owns 3,362,417 shares of the e-commerce giant’s stock worth $626,519,000 after buying an additional 786,131 shares during the period. Peterson Wealth Management boosted its position in shares of Amazon.com by 8.0% in the third quarter. Peterson Wealth Management now owns 27,165 shares of the e-commerce giant’s stock worth $5,062,000 after buying an additional 2,014 shares during the period. Northwest & Ethical Investments L.P. raised its holdings in shares of Amazon.com by 10.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 188,855 shares of the e-commerce giant’s stock valued at $35,190,000 after buying an additional 17,903 shares during the period. Finally, Pin Oak Investment Advisors Inc. lifted its position in Amazon.com by 1.7% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 5,243 shares of the e-commerce giant’s stock worth $976,000 after acquiring an additional 90 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Truist Financial increased their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Tigress Financial raised their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a report on Monday, December 16th. Susquehanna raised their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, Scotiabank lifted their target price on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.67.

Amazon.com Trading Down 2.4 %

Amazon.com stock opened at $222.11 on Wednesday. The stock has a market capitalization of $2.34 trillion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12-month low of $146.15 and a 12-month high of $233.00. The firm has a 50 day simple moving average of $214.48 and a 200-day simple moving average of $194.73.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.