Barnes Pettey Financial Advisors LLC Sells 583 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Barnes Pettey Financial Advisors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,785 shares of the e-commerce giant’s stock after selling 583 shares during the period. Barnes Pettey Financial Advisors LLC’s holdings in Amazon.com were worth $705,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in Amazon.com by 6.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,299,148 shares of the e-commerce giant’s stock valued at $242,069,000 after acquiring an additional 79,561 shares during the period. Carret Asset Management LLC increased its stake in shares of Amazon.com by 7.4% during the third quarter. Carret Asset Management LLC now owns 66,910 shares of the e-commerce giant’s stock valued at $12,467,000 after purchasing an additional 4,631 shares in the last quarter. ShoreHaven Wealth Partners LLC increased its stake in shares of Amazon.com by 6.2% during the third quarter. ShoreHaven Wealth Partners LLC now owns 3,329 shares of the e-commerce giant’s stock valued at $620,000 after purchasing an additional 195 shares in the last quarter. Mcrae Capital Management Inc. lifted its holdings in shares of Amazon.com by 931.2% during the third quarter. Mcrae Capital Management Inc. now owns 25,110 shares of the e-commerce giant’s stock valued at $4,679,000 after purchasing an additional 22,675 shares during the last quarter. Finally, Goldstein Advisors LLC boosted its position in shares of Amazon.com by 9.0% in the 3rd quarter. Goldstein Advisors LLC now owns 9,704 shares of the e-commerce giant’s stock worth $1,808,000 after purchasing an additional 799 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction 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 $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock worth $1,252,148,795 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $207.89 on Monday. The stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company’s 50 day moving average is $194.78 and its two-hundred day moving average is $186.94. 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 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. The firm had revenue of $158.88 billion for 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%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. Jefferies Financial Group raised their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised 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 upped their price target on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Oppenheimer raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

About Amazon.com

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.