Manchester Financial Inc. Sells 152 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Manchester Financial Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,043 shares of the e-commerce giant’s stock after selling 152 shares during the quarter. Amazon.com accounts for 0.4% of Manchester Financial Inc.’s investment portfolio, making the stock its 27th largest holding. Manchester Financial Inc.’s holdings in Amazon.com were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. purchased a new stake in shares of Amazon.com during the 3rd quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc raised its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. Wedbush increased their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Monness Crespi & Hardt increased their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Piper Sandler raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. TD Cowen upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Two investment 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $236.20.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction on 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was 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 worth $1,252,148,795 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.0 %

AMZN opened at $207.89 on Monday. The business’s fifty day simple moving average is $194.78 and its 200 day simple moving average is $186.94. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.19 trillion, a PE ratio of 44.52, a P/E/G ratio of 1.39 and a beta of 1.14.

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 analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share 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.