Ullmann Wealth Partners Group LLC Sells 135 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ullmann Wealth Partners Group LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,011 shares of the e-commerce giant’s stock after selling 135 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Amazon.com were worth $2,238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. PayPay Securities Corp grew its stake in Amazon.com by 64.6% in the second 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 period. Hoese & Co LLP bought a new position in Amazon.com in the third quarter valued at about $37,000. Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the first quarter valued at about $69,000. Finally, Innealta Capital LLC bought a new position in shares of Amazon.com in the second quarter worth about $77,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.5 %

Shares of NASDAQ AMZN opened at $214.10 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $215.09. The business has a fifty day moving average price of $189.05 and a 200 day moving average price of $185.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMZN shares. Robert W. Baird raised their price objective on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Evercore ISI boosted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Loop Capital boosted their price target on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group boosted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Insider Activity

In other Amazon.com news, 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’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 value of $3,757,123.68. Following 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 legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Company insiders own 10.80% of the company’s stock.

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.