PPS&V Asset Management Consultants Inc. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

PPS&V Asset Management Consultants Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,834 shares of the e-commerce giant’s stock after selling 66 shares during the period. Amazon.com comprises approximately 0.6% of PPS&V Asset Management Consultants Inc.’s portfolio, making the stock its 17th largest position. PPS&V Asset Management Consultants Inc.’s holdings in Amazon.com were worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Insight Partners LLC lifted its holdings in shares of Amazon.com by 10.8% during the third quarter. Capital Insight Partners LLC now owns 29,571 shares of the e-commerce giant’s stock valued at $5,510,000 after purchasing an additional 2,881 shares during the last quarter. Tobam bought a new stake in shares of Amazon.com during the third quarter valued at approximately $337,000. Sendero Wealth Management LLC grew its position in Amazon.com by 1.2% in the 3rd quarter. Sendero Wealth Management LLC now owns 88,982 shares of the e-commerce giant’s stock worth $16,580,000 after purchasing an additional 1,085 shares during the period. Brendel Financial Advisors LLC grew its position in Amazon.com by 8.6% in the 3rd quarter. Brendel Financial Advisors LLC now owns 13,143 shares of the e-commerce giant’s stock worth $2,449,000 after purchasing an additional 1,042 shares during the period. Finally, Bank & Trust Co grew its position in Amazon.com by 1.4% in the 3rd quarter. Bank & Trust Co now owns 7,173 shares of the e-commerce giant’s stock worth $1,337,000 after purchasing an additional 101 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. Wolfe Research started coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. Loop Capital boosted their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday. Benchmark upped their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Evercore ISI upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.55.

Amazon.com Stock Performance

AMZN opened at $207.09 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.17 trillion, a price-to-earnings ratio of 44.34, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $207.55. The firm’s fifty day simple moving average is $186.48 and its two-hundred day simple moving average is $184.23.

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, beating the consensus estimate of $1.14 by $0.29. The business 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 22.41%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 4.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock valued at $10,215,097 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.