Pathway Financial Advisors LLC Sells 2,876 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pathway Financial Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 60.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,859 shares of the e-commerce giant’s stock after selling 2,876 shares during the quarter. Pathway Financial Advisors LLC’s holdings in Amazon.com were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PayPay Securities Corp raised its position in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the first quarter worth $69,000. Innealta Capital LLC acquired a new position in shares of Amazon.com during the second quarter valued at $77,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after acquiring an additional 199 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was 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. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $195.78 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.05 trillion, a price-to-earnings ratio of 41.92, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $138.36 and a 12-month high of $201.20. The business has a 50 day moving average of $185.23 and a 200-day moving average of $183.89.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 4.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Wolfe Research assumed coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Friday. Oppenheimer lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday. TD Securities increased their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Finally, Maxim Group lifted their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.48.

About Amazon.com

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.