Insight Folios Inc Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Insight Folios Inc lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,810 shares of the e-commerce giant’s stock after selling 73 shares during the quarter. Insight Folios Inc’s holdings in Amazon.com were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. First American Bank boosted its stake in shares of Amazon.com by 0.6% in the 3rd quarter. First American Bank now owns 236,552 shares of the e-commerce giant’s stock valued at $44,077,000 after purchasing an additional 1,465 shares in the last quarter. Peterson Wealth Advisors LLC lifted its stake in Amazon.com by 35.2% in the third quarter. Peterson Wealth Advisors LLC now owns 1,659 shares of the e-commerce giant’s stock worth $309,000 after purchasing an additional 432 shares during the last quarter. Cavalier Investments LLC boosted its position in Amazon.com by 500.8% during the third quarter. Cavalier Investments LLC now owns 121,759 shares of the e-commerce giant’s stock valued at $22,687,000 after buying an additional 101,493 shares during the period. L. Roy Papp & Associates LLP grew its stake in shares of Amazon.com by 2.8% during the third quarter. L. Roy Papp & Associates LLP now owns 13,430 shares of the e-commerce giant’s stock valued at $2,502,000 after buying an additional 363 shares during the last quarter. Finally, West Bancorporation Inc. increased its holdings in shares of Amazon.com by 2.2% in the third quarter. West Bancorporation Inc. now owns 4,236 shares of the e-commerce giant’s stock worth $789,000 after buying an additional 92 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN opened at $210.71 on Tuesday. The firm has a 50 day moving average of $194.78 and a 200 day moving average of $186.94. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a market capitalization of $2.22 trillion, a P/E ratio of 45.12, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMZN. Moffett Nathanson increased their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Scotiabank increased their price target on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group boosted 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. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 in the last 90 days. 10.80% of the stock is currently owned by 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.