Tsfg LLC Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tsfg LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,812 shares of the e-commerce giant’s stock after selling 790 shares during the period. Amazon.com accounts for approximately 1.6% of Tsfg LLC’s portfolio, making the stock its 15th biggest holding. Tsfg LLC’s holdings in Amazon.com were worth $7,418,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the period. Drexel Morgan & Co. acquired a new stake in Amazon.com during the first quarter valued at approximately $203,000. TFC Financial Management Inc. boosted its holdings in shares of Amazon.com by 9.5% in the 1st quarter. TFC Financial Management Inc. now owns 12,050 shares of the e-commerce giant’s stock valued at $2,174,000 after buying an additional 1,046 shares during the period. Retirement Systems of Alabama raised its position in shares of Amazon.com by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 3,797,262 shares of the e-commerce giant’s stock worth $684,950,000 after purchasing an additional 13,302 shares during the period. Finally, Cutter & CO Brokerage Inc. increased its stake in shares of Amazon.com by 1.0% in the first quarter. Cutter & CO Brokerage Inc. now owns 23,971 shares of the e-commerce giant’s stock valued at $4,324,000 after purchasing an additional 226 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Maxim Group increased their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock worth $1,256,503,289 over the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.2 %

Shares of Amazon.com stock opened at $211.48 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business’s 50 day simple moving average is $189.87 and its 200 day simple moving average is $185.36. The firm has a market cap of $2.22 trillion, a PE ratio of 45.28, a P/E/G ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

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.