Community Financial Services Group LLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Community Financial Services Group LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,351 shares of the e-commerce giant’s stock after selling 96 shares during the quarter. Amazon.com accounts for about 2.6% of Community Financial Services Group LLC’s investment portfolio, making the stock its 7th biggest position. Community Financial Services Group LLC’s holdings in Amazon.com were worth $12,922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. PayPay Securities Corp boosted its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at about $37,000. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com in the first quarter valued at about $69,000. Finally, Innealta Capital LLC acquired a new position in Amazon.com in the second quarter valued at about $77,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Morgan Stanley boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Barclays boosted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Piper Sandler upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.77.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on 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 owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the 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 sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock valued at $1,249,093,896 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.6 %

Shares of NASDAQ:AMZN opened at $197.12 on Friday. The company has a 50 day moving average price of $193.00 and a two-hundred day moving average price of $186.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The company has a market capitalization of $2.07 trillion, a PE ratio of 42.21, a PEG ratio of 1.37 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

About Amazon.com

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.