Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Centennial Bank AR

Centennial Bank AR reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,583 shares of the e-commerce giant’s stock after selling 80 shares during the quarter. Amazon.com makes up 1.0% of Centennial Bank AR’s portfolio, making the stock its 24th biggest holding. Centennial Bank AR’s holdings in Amazon.com were worth $2,158,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. grew its holdings in Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC raised its position in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after acquiring an additional 1,081 shares in the last quarter. KLCM Advisors Inc. lifted its stake in Amazon.com by 15.9% during the first quarter. KLCM Advisors Inc. now owns 13,890 shares of the e-commerce giant’s stock worth $2,505,000 after purchasing an additional 1,902 shares during the last quarter. WealthPlan Investment Management LLC boosted its holdings in Amazon.com by 1.8% in the first quarter. WealthPlan Investment Management LLC now owns 46,935 shares of the e-commerce giant’s stock worth $8,466,000 after purchasing an additional 822 shares during the period. Finally, iA Global Asset Management Inc. lifted its position in shares of Amazon.com by 1.0% in the 1st quarter. iA Global Asset Management Inc. now owns 2,041,539 shares of the e-commerce giant’s stock worth $368,253,000 after buying an additional 21,057 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday. Jefferies Financial Group raised their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm boosted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group boosted their target price on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $237.42.

Amazon.com Trading Up 2.3 %

AMZN stock opened at $230.26 on Thursday. The business has a fifty day moving average price of $198.98 and a 200 day moving average price of $188.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released 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. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. Analysts expect 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.