My Personal CFO LLC Sells 1,924 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

My Personal CFO LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 34.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,605 shares of the e-commerce giant’s stock after selling 1,924 shares during the quarter. My Personal CFO LLC’s holdings in Amazon.com were worth $672,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Pegasus Asset Management Inc. boosted its holdings in shares of Amazon.com by 1.2% in the third quarter. Pegasus Asset Management Inc. now owns 37,036 shares of the e-commerce giant’s stock valued at $6,901,000 after purchasing an additional 447 shares during the period. Eastern Bank increased its position in shares of Amazon.com by 124.8% in the 3rd quarter. Eastern Bank now owns 747,392 shares of the e-commerce giant’s stock valued at $139,262,000 after acquiring an additional 414,955 shares during the period. Xcel Wealth Management LLC increased its position in shares of Amazon.com by 8.7% in the 3rd quarter. Xcel Wealth Management LLC now owns 126,927 shares of the e-commerce giant’s stock valued at $23,650,000 after acquiring an additional 10,184 shares during the period. Sierra Capital LLC increased its position in shares of Amazon.com by 19.4% in the 3rd quarter. Sierra Capital LLC now owns 65,501 shares of the e-commerce giant’s stock valued at $12,205,000 after acquiring an additional 10,640 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in Amazon.com during the 3rd quarter worth about $34,406,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $197.12 on Monday. The stock has a fifty day moving average of $193.00 and a 200 day moving average of $186.29. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.33 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.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMZN. Wedbush increased their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Itau BBA Securities cut 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 report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $235.77.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’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 sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was 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 in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 corporate insiders.

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.