Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Hoffman Alan N Investment Management

Hoffman Alan N Investment Management trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,813 shares of the e-commerce giant’s stock after selling 1,594 shares during the period. Amazon.com comprises 22.1% of Hoffman Alan N Investment Management’s holdings, making the stock its 2nd largest position. Hoffman Alan N Investment Management’s holdings in Amazon.com were worth $45,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Garrison Bradford & Associates Inc. lifted its position in shares of Amazon.com by 9.8% during the 1st quarter. Garrison Bradford & Associates Inc. now owns 14,867 shares of the e-commerce giant’s stock valued at $2,682,000 after buying an additional 1,330 shares in the last quarter. Criterion Capital Advisors LLC raised its position in Amazon.com by 7.5% during the first quarter. Criterion Capital Advisors LLC now owns 12,248 shares of the e-commerce giant’s stock worth $2,209,000 after acquiring an additional 854 shares during the period. Griffin Asset Management Inc. lifted its holdings in Amazon.com by 0.9% during the first quarter. Griffin Asset Management Inc. now owns 72,389 shares of the e-commerce giant’s stock valued at $13,058,000 after purchasing an additional 654 shares in the last quarter. Grimes & Company Inc. grew its position in shares of Amazon.com by 2.2% in the first quarter. Grimes & Company Inc. now owns 141,608 shares of the e-commerce giant’s stock valued at $25,543,000 after purchasing an additional 3,058 shares during the period. Finally, First Bank & Trust increased its stake in shares of Amazon.com by 5.5% during the first quarter. First Bank & Trust now owns 21,075 shares of the e-commerce giant’s stock worth $3,802,000 after purchasing an additional 1,096 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,855 shares of company stock worth $9,215,048. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 6.2 %

Shares of AMZN stock opened at $197.93 on Friday. The stock has a market cap of $2.08 trillion, a P/E ratio of 42.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $184.82 and a 200 day simple moving average of $183.76. Amazon.com, Inc. has a 1 year low of $136.47 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a report on Friday, August 2nd. Truist Financial increased their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. Benchmark raised their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 target price on shares of Amazon.com in a report on Thursday, October 3rd. Finally, Scotiabank raised their price target on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.02.

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.