Indie Asset Partners LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Indie Asset Partners LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,591 shares of the e-commerce giant’s stock after selling 240 shares during the quarter. Amazon.com makes up about 1.3% of Indie Asset Partners LLC’s holdings, making the stock its 11th largest position. Indie Asset Partners LLC’s holdings in Amazon.com were worth $1,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC increased its position in Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after buying an additional 1,081 shares during the period. Vancity Investment Management Ltd increased its position in Amazon.com by 3.6% during the first quarter. Vancity Investment Management Ltd now owns 154,826 shares of the e-commerce giant’s stock worth $27,927,000 after buying an additional 5,431 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Amazon.com by 4.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 518,529 shares of the e-commerce giant’s stock valued at $93,532,000 after acquiring an additional 22,179 shares during the period. Finally, Innova Wealth Partners grew its position in shares of Amazon.com by 40.4% during the first quarter. Innova Wealth Partners now owns 3,308 shares of the e-commerce giant’s stock worth $597,000 after acquiring an additional 952 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly 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 6,030,183 shares of company stock valued at $1,252,883,795 in the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AMZN. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Wedbush upped their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Loop Capital increased their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank upped their price objective on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Two research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $237.42.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $225.04 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business’s fifty day moving average price is $198.19 and its two-hundred day moving average price is $188.47. The stock has a market cap of $2.37 trillion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a one year low of $143.64 and a one year high of $230.08.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.