PSI Advisors LLC Sells 406 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

PSI Advisors LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,236 shares of the e-commerce giant’s stock after selling 406 shares during the period. Amazon.com accounts for 1.0% of PSI Advisors LLC’s holdings, making the stock its 24th biggest holding. PSI Advisors LLC’s holdings in Amazon.com were worth $3,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% during the second 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 position in shares of Amazon.com during the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC purchased a new stake in Amazon.com during the second quarter valued at approximately $77,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Piper Sandler increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Finally, DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Insiders Place Their Bets

In other Amazon.com news, 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 transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $427,050.00. Following the transaction, 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. Insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $205.74 on Thursday. The firm has a market capitalization of $2.16 trillion, a PE ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The firm’s 50-day moving average price is $194.14 and its 200 day moving average price is $186.66. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business posted $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.