Townsend Asset Management Corp NC ADV Has $10.79 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Townsend Asset Management Corp NC ADV lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,906 shares of the e-commerce giant’s stock after selling 803 shares during the quarter. Amazon.com accounts for approximately 4.0% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 4th largest position. Townsend Asset Management Corp NC ADV’s holdings in Amazon.com were worth $10,790,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMZN. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in Amazon.com during the 3rd quarter valued at $37,000. Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com during the 1st quarter valued at $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com during the 2nd quarter valued at $77,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $197.12 on Friday. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.37 and a beta of 1.14. 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 firm has a 50-day moving average price of $193.00 and a 200-day moving average price of $186.32. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the company earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JMP Securities boosted their price target on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Robert W. Baird boosted their price target on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two 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 company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $235.77.

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.