Mendota Financial Group LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Mendota Financial Group LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,906 shares of the e-commerce giant’s stock after selling 320 shares during the quarter. Amazon.com accounts for approximately 0.3% of Mendota Financial Group LLC’s holdings, making the stock its 26th biggest position. Mendota Financial Group LLC’s holdings in Amazon.com were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Tower Wealth Partners Inc. increased its position in shares of Amazon.com by 10.8% during the first quarter. Tower Wealth Partners Inc. now owns 3,701 shares of the e-commerce giant’s stock valued at $668,000 after acquiring an additional 360 shares in the last quarter. Hedeker Wealth LLC boosted its stake in Amazon.com by 0.5% during the 1st quarter. Hedeker Wealth LLC now owns 70,741 shares of the e-commerce giant’s stock valued at $12,760,000 after purchasing an additional 317 shares during the last quarter. Sloy Dahl & Holst LLC increased its holdings in shares of Amazon.com by 0.4% in the 1st quarter. Sloy Dahl & Holst LLC now owns 40,759 shares of the e-commerce giant’s stock worth $7,352,000 after purchasing an additional 156 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Amazon.com by 4.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,751,420 shares of the e-commerce giant’s stock worth $4,464,661,000 after purchasing an additional 1,040,946 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its holdings in shares of Amazon.com by 1.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 9,641 shares of the e-commerce giant’s stock valued at $1,739,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AMZN. Roth Mkm boosted their target price on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Scotiabank boosted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Finally, Morgan Stanley raised their price target on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,859 shares of company stock worth $10,215,097. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.9 %

AMZN opened at $208.18 on Friday. The company has a market capitalization of $2.19 trillion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The firm has a 50-day simple moving average of $187.83 and a two-hundred day simple moving average of $184.62. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $212.25.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.

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.