American Financial Advisors LLC Sells 800 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

American Financial Advisors LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,944 shares of the e-commerce giant’s stock after selling 800 shares during the period. Amazon.com makes up 0.7% of American Financial Advisors LLC’s holdings, making the stock its 28th biggest holding. American Financial Advisors LLC’s holdings in Amazon.com were worth $5,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Trinity Street Asset Management LLP increased its position in shares of Amazon.com by 7.2% during the third quarter. Trinity Street Asset Management LLP now owns 176,491 shares of the e-commerce giant’s stock worth $32,886,000 after acquiring an additional 11,794 shares in the last quarter. Davidson Capital Management Inc. increased its position in shares of Amazon.com by 11.4% during the third quarter. Davidson Capital Management Inc. now owns 19,041 shares of the e-commerce giant’s stock worth $3,548,000 after acquiring an additional 1,955 shares in the last quarter. Ramsay Stattman Vela & Price Inc. increased its position in shares of Amazon.com by 2.4% during the third quarter. Ramsay Stattman Vela & Price Inc. now owns 68,945 shares of the e-commerce giant’s stock worth $12,847,000 after acquiring an additional 1,602 shares in the last quarter. Dodds Wealth LLC increased its position in shares of Amazon.com by 4.9% during the third quarter. Dodds Wealth LLC now owns 3,774 shares of the e-commerce giant’s stock worth $704,000 after acquiring an additional 175 shares in the last quarter. Finally, Argyle Capital Management Inc. increased its position in shares of Amazon.com by 13.3% during the third quarter. Argyle Capital Management Inc. now owns 1,699 shares of the e-commerce giant’s stock worth $317,000 after acquiring an additional 199 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $218.16 on Thursday. The firm’s 50 day simple moving average is $196.02 and its 200 day simple moving average is $187.55. 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 firm has a market capitalization of $2.29 trillion, a PE ratio of 46.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $143.13 and a 1-year high of $220.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Bank of America boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Redburn Atlantic boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.