Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Tobias Financial Advisors Inc.

Tobias Financial Advisors Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,060 shares of the e-commerce giant’s stock after selling 574 shares during the quarter. Tobias Financial Advisors Inc.’s holdings in Amazon.com were worth $2,061,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bailard Inc. increased its position in shares of Amazon.com by 2.1% in the 3rd quarter. Bailard Inc. now owns 266,159 shares of the e-commerce giant’s stock valued at $49,593,000 after acquiring an additional 5,470 shares during the period. HF Advisory Group LLC increased its position in shares of Amazon.com by 4.2% in the 3rd quarter. HF Advisory Group LLC now owns 20,387 shares of the e-commerce giant’s stock valued at $3,799,000 after acquiring an additional 819 shares during the period. Crescent Grove Advisors LLC increased its position in shares of Amazon.com by 5.7% in the 3rd quarter. Crescent Grove Advisors LLC now owns 21,151 shares of the e-commerce giant’s stock valued at $3,941,000 after acquiring an additional 1,140 shares during the period. JFG Wealth Management LLC increased its position in shares of Amazon.com by 56.2% in the 3rd quarter. JFG Wealth Management LLC now owns 5,859 shares of the e-commerce giant’s stock valued at $1,092,000 after acquiring an additional 2,107 shares during the period. Finally, Focused Wealth Management Inc increased its position in shares of Amazon.com by 0.7% in the 3rd quarter. Focused Wealth Management Inc now owns 32,029 shares of the e-commerce giant’s stock valued at $5,968,000 after acquiring an additional 207 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMZN. Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Moffett Nathanson boosted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $238.87.

Amazon.com Trading Down 0.7 %

AMZN opened at $227.46 on Friday. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $231.20. The stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a fifty day moving average price of $201.65 and a 200 day moving average price of $189.67.

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

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’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 directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com 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.