LongView Wealth Management Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

LongView Wealth Management trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,404 shares of the e-commerce giant’s stock after selling 69 shares during the period. Amazon.com comprises 1.1% of LongView Wealth Management’s holdings, making the stock its 24th biggest holding. LongView Wealth Management’s holdings in Amazon.com were worth $3,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AMZN. Freestate Advisors LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $252,000. Ferguson Shapiro LLC lifted its holdings in Amazon.com by 2.8% during the third quarter. Ferguson Shapiro LLC now owns 6,295 shares of the e-commerce giant’s stock worth $1,173,000 after buying an additional 173 shares during the period. Pacific Sun Financial Corp increased its holdings in shares of Amazon.com by 0.7% in the 3rd quarter. Pacific Sun Financial Corp now owns 8,737 shares of the e-commerce giant’s stock valued at $1,628,000 after acquiring an additional 60 shares during the period. Nvest Financial LLC raised its position in shares of Amazon.com by 1.8% in the 3rd quarter. Nvest Financial LLC now owns 23,789 shares of the e-commerce giant’s stock worth $4,433,000 after acquiring an additional 422 shares in the last quarter. Finally, Charles Schwab Trust Co grew its stake in Amazon.com by 31.4% in the third quarter. Charles Schwab Trust Co now owns 14,686 shares of the e-commerce giant’s stock valued at $2,736,000 after purchasing an additional 3,510 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 0.9 %

Shares of AMZN opened at $208.18 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.19 trillion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The company’s 50-day moving average price is $187.83 and its 200 day moving average price is $184.62. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $212.25.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.16 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock worth $10,215,097 in the last three months. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMZN shares. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. JMP Securities increased their price objective on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Morgan Stanley increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada lifted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.55.

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.