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

WT Wealth Management reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,804 shares of the e-commerce giant’s stock after selling 305 shares during the quarter. Amazon.com accounts for approximately 2.0% of WT Wealth Management’s holdings, making the stock its 9th biggest position. WT Wealth Management’s holdings in Amazon.com were worth $8,090,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Garrison Point Advisors LLC lifted its holdings in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares in the last quarter. O Connor Financial Group LLC raised its stake in Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC grew its position in Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after acquiring an additional 55 shares during the last quarter. Finally, O Dell Group LLC grew its position in Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock valued at $2,460,000 after acquiring an additional 57 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.6 %

Shares of NASDAQ:AMZN opened at $197.12 on Monday. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The business has a 50 day simple moving average of $193.00 and a two-hundred day simple moving average of $186.29. The firm has a market capitalization of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. 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 (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. Evercore ISI upped their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a report on Wednesday, November 20th. Scotiabank raised their price objective on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Finally, Loop Capital lifted their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.77.

Insider Activity

In related news, 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 transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 dated 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. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896 over the last ninety days. 10.80% of the stock is currently 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.