Carson Advisory Inc. Has $1.23 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Carson Advisory Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,602 shares of the e-commerce giant’s stock after selling 287 shares during the period. Carson Advisory Inc.’s holdings in Amazon.com were worth $1,230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth about $45,000. Values First Advisors Inc. bought a new stake in Amazon.com during the 3rd quarter valued at approximately $56,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 4.6 %

NASDAQ:AMZN opened at $220.52 on Thursday. The company has a market cap of $2.32 trillion, a price-to-earnings ratio of 47.22, a P/E/G ratio of 1.54 and a beta of 1.16. 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 stock’s fifty day moving average price is $204.37 and its two-hundred day moving average price is $190.75. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % 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 the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Royal Bank of Canada increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Two 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’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $242.00.

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.