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

Grandview Asset Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,467 shares of the e-commerce giant’s stock after selling 478 shares during the quarter. Amazon.com makes up 3.0% of Grandview Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Grandview Asset Management LLC’s holdings in Amazon.com were worth $5,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First International Bank & Trust boosted its position in shares of Amazon.com by 34.6% during the 3rd quarter. First International Bank & Trust now owns 5,808 shares of the e-commerce giant’s stock worth $1,082,000 after acquiring an additional 1,492 shares in the last quarter. waypoint wealth counsel boosted its position in shares of Amazon.com by 12.1% during the 3rd quarter. waypoint wealth counsel now owns 12,229 shares of the e-commerce giant’s stock worth $2,279,000 after acquiring an additional 1,316 shares in the last quarter. ZRC Wealth Management LLC boosted its position in shares of Amazon.com by 3.5% during the 3rd quarter. ZRC Wealth Management LLC now owns 6,353 shares of the e-commerce giant’s stock worth $1,184,000 after acquiring an additional 212 shares in the last quarter. Burns J W & Co. Inc. NY boosted its position in shares of Amazon.com by 2.7% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 135,185 shares of the e-commerce giant’s stock worth $25,189,000 after acquiring an additional 3,516 shares in the last quarter. Finally, Quent Capital LLC boosted its position in shares of Amazon.com by 4.5% during the 3rd quarter. Quent Capital LLC now owns 37,106 shares of the e-commerce giant’s stock worth $6,921,000 after acquiring an additional 1,613 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $197.93 on Friday. Amazon.com, Inc. has a 1-year low of $136.47 and a 1-year high of $201.20. The company has a market capitalization of $2.08 trillion, a P/E ratio of 47.35, a PEG ratio of 1.46 and a beta of 1.14. The business has a 50 day moving average price of $184.82 and a 200 day moving average price of $183.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 21.39% and a net margin of 7.35%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Scotiabank upped their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday. TD Securities upped their target price on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. 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. Truist Financial upped their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday. Finally, Sanford C. Bernstein upped their target price on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $244.11.

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.