Silvant Capital Management LLC Sells 13,489 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Silvant Capital Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 700,016 shares of the e-commerce giant’s stock after selling 13,489 shares during the quarter. Amazon.com comprises about 5.7% of Silvant Capital Management LLC’s holdings, making the stock its 4th largest position. Silvant Capital Management LLC’s holdings in Amazon.com were worth $130,434,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% during 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 acquired a new stake in Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the 3rd quarter valued at $45,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com in the third quarter valued at $56,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.9 %

Shares of AMZN stock opened at $227.03 on Monday. The company’s fifty day simple moving average is $197.39 and its two-hundred day simple moving average is $188.15. Amazon.com, Inc. has a 52 week low of $143.64 and a 52 week high of $227.15. The stock has a market cap of $2.39 trillion, a P/E ratio of 48.61, a PEG ratio of 1.46 and a beta of 1.16. 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 (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research note on Wednesday, November 20th. Piper Sandler increased their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Finally, Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $236.20.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,030,183 shares of company stock worth $1,252,883,795 over the last ninety days. Company insiders own 10.80% of the company’s stock.

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.