Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Castleview Partners LLC

Castleview Partners LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,633 shares of the e-commerce giant’s stock after selling 370 shares during the quarter. Amazon.com makes up 1.6% of Castleview Partners LLC’s portfolio, making the stock its 6th biggest position. Castleview Partners LLC’s holdings in Amazon.com were worth $2,913,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. increased its position 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 purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC grew its stake 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 worth $6,084,000 after purchasing an additional 1,081 shares in the last quarter. Signaturefd LLC increased its holdings in Amazon.com by 3.5% in the first quarter. Signaturefd LLC now owns 260,867 shares of the e-commerce giant’s stock valued at $47,055,000 after buying an additional 8,754 shares during the last quarter. Richardson Financial Services Inc. raised its stake in Amazon.com by 10.5% during the first quarter. Richardson Financial Services Inc. now owns 9,140 shares of the e-commerce giant’s stock valued at $1,649,000 after buying an additional 869 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC lifted its holdings in Amazon.com by 3.0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 30,465 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 878 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction 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 transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $198.70 on Friday. 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 $142.81 and a 52-week high of $215.90. The stock has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 42.55, a PEG ratio of 1.37 and a beta of 1.14. The stock’s fifty day simple moving average is $192.79 and its 200 day simple moving average is $186.26.

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. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Robert W. Baird upped their price target on Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Royal Bank of Canada lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC lifted their target price on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $235.77.

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.