TCTC Holdings LLC Sells 628 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TCTC Holdings LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,610 shares of the e-commerce giant’s stock after selling 628 shares during the period. Amazon.com comprises about 1.2% of TCTC Holdings LLC’s investment portfolio, making the stock its 21st biggest holding. TCTC Holdings LLC’s holdings in Amazon.com were worth $36,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legal & General Group Plc increased its position in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares during the last quarter. Ameriprise Financial Inc. raised its position in Amazon.com by 3.4% in the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock worth $7,917,906,000 after acquiring an additional 1,329,150 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Amazon.com by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock valued at $6,161,579,000 after acquiring an additional 464,938 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 4.6 %

NASDAQ:AMZN opened at $220.52 on Thursday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The business has a fifty day moving average of $204.37 and a 200-day moving average of $190.75. 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 has a market cap of $2.32 trillion, a price-to-earnings ratio of 47.22, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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. The business had revenue of $158.88 billion during 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 company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Piper Sandler boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Bank of America upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark raised their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Maxim Group upped their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $242.00.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

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.