Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,120 shares of the e-commerce giant’s stock after selling 1,763 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Amazon.com were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Warther Private Wealth LLC lifted its holdings in Amazon.com by 128.7% in the 3rd quarter. Warther Private Wealth LLC now owns 100,682 shares of the e-commerce giant’s stock valued at $18,760,000 after acquiring an additional 56,662 shares during the last quarter. Canal Capital Management LLC grew its position in Amazon.com by 1.4% during the 3rd quarter. Canal Capital Management LLC now owns 39,427 shares of the e-commerce giant’s stock worth $7,346,000 after purchasing an additional 538 shares in the last quarter. Blackston Financial Advisory Group LLC grew its holdings in shares of Amazon.com by 14.1% during the third quarter. Blackston Financial Advisory Group LLC now owns 11,347 shares of the e-commerce giant’s stock valued at $2,114,000 after buying an additional 1,402 shares in the last quarter. Heritage Financial Services LLC grew its stake in Amazon.com by 2.6% during the 3rd quarter. Heritage Financial Services LLC now owns 5,035 shares of the e-commerce giant’s stock valued at $938,000 after acquiring an additional 129 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in Amazon.com by 10.0% in the 3rd quarter. Ballentine Partners LLC now owns 164,214 shares of the e-commerce giant’s stock valued at $30,598,000 after buying an additional 14,910 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $205.74 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.16 trillion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The business has a 50-day simple moving average of $194.46 and a two-hundred day simple moving average of $186.79. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. TD Cowen raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial boosted their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Needham & Company LLC lifted their price target on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Roth Mkm upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $236.20.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795. 10.80% of the stock is owned by company 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.