Valley National Advisers Inc. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Valley National Advisers Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,597 shares of the e-commerce giant’s stock after selling 11,766 shares during the quarter. Amazon.com comprises about 1.2% of Valley National Advisers Inc.’s investment portfolio, making the stock its 14th biggest holding. Valley National Advisers Inc.’s holdings in Amazon.com were worth $6,632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Mcrae Capital Management Inc. lifted its position in 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 period. Goldstein Advisors LLC increased its position in Amazon.com by 9.0% in the third quarter. Goldstein Advisors LLC now owns 9,704 shares of the e-commerce giant’s stock worth $1,808,000 after buying an additional 799 shares in the last quarter. Kavar Capital Partners Group LLC raised its stake in Amazon.com by 3.8% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 31,427 shares of the e-commerce giant’s stock worth $5,856,000 after acquiring an additional 1,148 shares during the period. Clear Harbor Asset Management LLC raised its position in shares of Amazon.com by 0.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 87,711 shares of the e-commerce giant’s stock valued at $16,343,000 after purchasing an additional 650 shares during the period. Finally, Smith Salley Wealth Management raised its holdings in Amazon.com by 5.1% during the third quarter. Smith Salley Wealth Management now owns 247,641 shares of the e-commerce giant’s stock valued at $46,143,000 after acquiring an additional 11,924 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were 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 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 sold a total of 6,026,683 shares of company stock worth $1,252,148,795 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $207.89 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $194.78 and its 200-day moving average price is $186.94. The firm has a market cap of $2.19 trillion, a P/E ratio of 44.52, a P/E/G 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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Maxim Group lifted their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group boosted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company restated an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.