Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 37.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,570 shares of the e-commerce giant’s stock after selling 933 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Amazon.com were worth $292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Financial Partners LLC increased its holdings in shares of Amazon.com by 3.2% in the third quarter. Catalyst Financial Partners LLC now owns 44,413 shares of the e-commerce giant’s stock valued at $8,275,000 after purchasing an additional 1,360 shares during the period. Tevis Investment Management increased its holdings in Amazon.com by 10.4% in the 3rd quarter. Tevis Investment Management now owns 4,178 shares of the e-commerce giant’s stock worth $778,000 after buying an additional 394 shares during the period. Goldstone Financial Group LLC acquired a new position in Amazon.com in the 3rd quarter worth approximately $2,621,000. S.A. Mason LLC raised its position in Amazon.com by 18.1% during the 3rd quarter. S.A. Mason LLC now owns 4,087 shares of the e-commerce giant’s stock worth $762,000 after buying an additional 625 shares during the last quarter. Finally, 1620 Investment Advisors Inc. lifted its stake in Amazon.com by 3.1% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 3,373 shares of the e-commerce giant’s stock valued at $628,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.9 %

Shares of AMZN opened at $227.03 on Friday. Amazon.com, Inc. has a 12-month low of $143.64 and a 12-month high of $227.15. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 48.61, a P/E/G ratio of 1.43 and a beta of 1.16. The firm has a 50-day moving average price of $196.61 and a 200 day moving average price of $187.78. 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 results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during 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 business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. Susquehanna raised their target price 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. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler raised their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Insiders Place Their Bets

In other news, 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 approximately $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’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 completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,030,183 shares of company stock valued at $1,252,883,795 over the last quarter. 10.80% of the stock is owned by insiders.

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.