McCollum Christoferson Group LLC Sells 213 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

McCollum Christoferson Group LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,912 shares of the e-commerce giant’s stock after selling 213 shares during the quarter. Amazon.com makes up 3.0% of McCollum Christoferson Group LLC’s holdings, making the stock its 11th biggest holding. McCollum Christoferson Group LLC’s holdings in Amazon.com were worth $10,418,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. boosted its stake in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Amazon.com by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,434,397 shares of the e-commerce giant’s stock valued at $1,701,777,000 after buying an additional 2,310,900 shares during the last quarter. Ascent Wealth Partners LLC boosted its position in Amazon.com by 1.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 42,910 shares of the e-commerce giant’s stock worth $7,740,000 after buying an additional 551 shares during the period. Alta Wealth Advisors LLC boosted its position in Amazon.com by 0.7% during the 1st quarter. Alta Wealth Advisors LLC now owns 16,086 shares of the e-commerce giant’s stock worth $2,902,000 after buying an additional 107 shares during the period. Finally, Summit Wealth Group LLC grew its holdings in Amazon.com by 1.4% during the 1st quarter. Summit Wealth Group LLC now owns 5,517 shares of the e-commerce giant’s stock worth $995,000 after acquiring an additional 78 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on 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 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 4.2 %

AMZN opened at $202.61 on Friday. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. The company’s 50-day moving average is $190.54 and its 200 day moving average is $185.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. Research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Oppenheimer raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird raised their price target on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group upped their price objective 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. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

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.