Hoertkorn Richard Charles Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hoertkorn Richard Charles cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,307 shares of the e-commerce giant’s stock after selling 199 shares during the quarter. Amazon.com makes up approximately 0.7% of Hoertkorn Richard Charles’ holdings, making the stock its 26th biggest position. Hoertkorn Richard Charles’ holdings in Amazon.com were worth $1,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its stake in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after acquiring an additional 16,392 shares during the period. Zhang Financial LLC boosted its stake in Amazon.com by 12.9% in the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after purchasing an additional 5,828 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Amazon.com by 19.2% during the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after buying an additional 19,231 shares during the last quarter. Finally, Stonekeep Investments LLC purchased a new position in shares of Amazon.com in the second quarter worth $2,588,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 3.2 %

AMZN opened at $207.86 on Wednesday. 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 $2.19 trillion, a P/E ratio of 44.51, a PEG ratio of 1.32 and a beta of 1.14. The stock’s fifty day moving average is $193.75 and its two-hundred day moving average is $186.52. 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 released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping 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 analyst estimates of $157.28 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. Wedbush raised their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital raised their price target on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus upped their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

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.