Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lowered by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 72,985 shares of the e-commerce giant’s stock after selling 3,000 shares during the period. Amazon.com makes up approximately 4.8% of Sandbox Financial Partners LLC’s holdings, making the stock its 4th largest holding. Sandbox Financial Partners LLC’s holdings in Amazon.com were worth $13,599,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Parisi Gray Wealth Management lifted its position in shares of Amazon.com by 0.5% during the third quarter. Parisi Gray Wealth Management now owns 20,501 shares of the e-commerce giant’s stock worth $3,820,000 after purchasing an additional 94 shares in the last quarter. MKT Advisors LLC grew its holdings in Amazon.com by 0.8% during the 3rd quarter. MKT Advisors LLC now owns 8,659 shares of the e-commerce giant’s stock valued at $1,600,000 after purchasing an additional 67 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in Amazon.com by 2.6% during the 3rd quarter. Miracle Mile Advisors LLC now owns 213,958 shares of the e-commerce giant’s stock worth $39,867,000 after buying an additional 5,451 shares during the period. Eagle Rock Investment Company LLC lifted its holdings in Amazon.com by 1.1% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 30,824 shares of the e-commerce giant’s stock worth $5,743,000 after buying an additional 343 shares in the last quarter. Finally, Chemistry Wealth Management LLC boosted its position in Amazon.com by 1.1% in the 3rd quarter. Chemistry Wealth Management LLC now owns 46,695 shares of the e-commerce giant’s stock valued at $8,701,000 after buying an additional 503 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $197.93 on Friday. The business has a 50 day simple moving average of $184.82 and a 200 day simple moving average of $183.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $136.47 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last released 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 21.39% and a net margin of 7.35%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.84 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,855 shares of company stock valued at $9,215,048. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMZN shares. The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday. Wedbush lifted their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday. DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $225.00 to $183.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.