Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,202 shares of the e-commerce giant’s stock after selling 203 shares during the quarter. Amazon.com comprises approximately 0.7% of Richard W. Paul & Associates LLC’s investment portfolio, making the stock its 26th biggest position. Richard W. Paul & Associates LLC’s holdings in Amazon.com were worth $2,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Amazon.com by 31.6% in 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 acquiring an additional 43,759 shares during the last quarter. Quent Capital LLC raised its position in Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the period. Pittenger & Anderson Inc. lifted its stake in Amazon.com by 1.6% during the first quarter. Pittenger & Anderson Inc. now owns 201,991 shares of the e-commerce giant’s stock worth $36,435,000 after purchasing an additional 3,094 shares in the last quarter. Haverford Trust Co boosted its position in shares of Amazon.com by 2.4% during the first quarter. Haverford Trust Co now owns 66,778 shares of the e-commerce giant’s stock worth $12,045,000 after buying an additional 1,555 shares during the period. Finally, Graypoint LLC grew its stake in shares of Amazon.com by 9.4% in the first quarter. Graypoint LLC now owns 80,620 shares of the e-commerce giant’s stock valued at $14,542,000 after buying an additional 6,929 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial increased their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Monness Crespi & Hardt increased their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JMP Securities boosted their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Amazon.com Stock Down 0.4 %

AMZN stock opened at $201.70 on Tuesday. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a fifty day moving average price of $191.69 and a 200 day moving average price of $185.93. 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, Inc. has a 12 month low of $141.50 and a 12 month high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. 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 previous year, the business posted $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.