Hill Investment Group Partners LLC Sells 232 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hill Investment Group Partners LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,881 shares of the e-commerce giant’s stock after selling 232 shares during the period. Hill Investment Group Partners LLC’s holdings in Amazon.com were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Semus Wealth Partners LLC lifted its position in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after acquiring an additional 49 shares during the period. Bell Investment Advisors Inc lifted its position in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 51 shares during the last quarter. O Connor Financial Group LLC increased its holdings in Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares in the last quarter. Finally, Cedar Point Capital Partners LLC increased its holdings in Amazon.com by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $218.94 on Friday. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $149.91 and a 52-week high of $233.00. The stock has a fifty day moving average of $216.20 and a 200 day moving average of $195.34. 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 (NASDAQ:AMZN) last issued its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. Oppenheimer increased their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Rosenblatt Securities raised their target price on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. 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. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.67.

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.