Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Laraway Financial Advisors Inc

Laraway Financial Advisors Inc reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,873 shares of the e-commerce giant’s stock after selling 100 shares during the quarter. Amazon.com accounts for approximately 1.5% of Laraway Financial Advisors Inc’s investment portfolio, making the stock its 18th biggest holding. Laraway Financial Advisors Inc’s holdings in Amazon.com were worth $1,840,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wesleyan Assurance Society acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $1,199,000. Value Star Asset Management Hong Kong Ltd boosted its position in shares of Amazon.com by 16.7% in the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 35,000 shares of the e-commerce giant’s stock valued at $6,764,000 after purchasing an additional 5,000 shares during the period. Waterway Wealth Management LLC boosted its position in shares of Amazon.com by 3.1% in the 2nd quarter. Waterway Wealth Management LLC now owns 3,320 shares of the e-commerce giant’s stock valued at $642,000 after purchasing an additional 100 shares during the period. Etesian Wealth Advisors Inc. boosted its position in shares of Amazon.com by 2.2% in the 2nd quarter. Etesian Wealth Advisors Inc. now owns 17,622 shares of the e-commerce giant’s stock valued at $3,405,000 after purchasing an additional 380 shares during the period. Finally, Planning Alternatives Ltd. ADV boosted its position in shares of Amazon.com by 31.2% in the 2nd quarter. Planning Alternatives Ltd. ADV now owns 1,619 shares of the e-commerce giant’s stock valued at $313,000 after purchasing an additional 385 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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 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 in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $218.46 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a fifty day moving average of $216.66 and a two-hundred day moving average of $195.57. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMZN. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Evercore ISI upped their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wedbush upped their target price on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Oppenheimer increased their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, UBS Group increased their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.33.

Amazon.com 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.