Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by CarsonAllaria Wealth Management Ltd.

CarsonAllaria Wealth Management Ltd. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,952 shares of the e-commerce giant’s stock after selling 279 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Amazon.com were worth $736,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMZN. China Universal Asset Management Co. Ltd. increased its stake in shares of Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares during the last quarter. Quent Capital LLC increased its stake in shares of 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 buying an additional 1,081 shares during the last quarter. Broderick Brian C increased its stake in shares of Amazon.com by 18.2% in the first quarter. Broderick Brian C now owns 67,096 shares of the e-commerce giant’s stock worth $12,103,000 after buying an additional 10,338 shares during the last quarter. Cohen Capital Management Inc. increased its stake in shares of Amazon.com by 2.8% in the first quarter. Cohen Capital Management Inc. now owns 72,567 shares of the e-commerce giant’s stock worth $13,090,000 after buying an additional 1,972 shares during the last quarter. Finally, Delaney Dennis R increased its stake in shares of Amazon.com by 2.6% in the first quarter. Delaney Dennis R now owns 33,836 shares of the e-commerce giant’s stock worth $6,103,000 after buying an additional 868 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN stock opened at $197.12 on Friday. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.37 and a beta of 1.14. The company has a 50-day simple moving average of $193.00 and a 200 day simple moving average of $186.32.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the company earned $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMZN shares. JMP Securities lifted 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. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target for the company. in a research note on Friday, August 2nd. Roth Mkm boosted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Oppenheimer boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $235.77.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is owned by insiders.

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.