Townsend & Associates Inc Sells 220 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Townsend & Associates Inc lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,390 shares of the e-commerce giant’s stock after selling 220 shares during the quarter. Townsend & Associates Inc’s holdings in Amazon.com were worth $811,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Greenfield Savings Bank lifted its holdings in shares of Amazon.com by 1.5% during the 2nd quarter. Greenfield Savings Bank now owns 23,114 shares of the e-commerce giant’s stock valued at $4,467,000 after buying an additional 335 shares during the period. CGN Advisors LLC lifted its holdings in Amazon.com by 2.0% in the second quarter. CGN Advisors LLC now owns 37,523 shares of the e-commerce giant’s stock valued at $7,251,000 after acquiring an additional 741 shares during the period. MPS Loria Financial Planners LLC lifted its holdings in Amazon.com by 4.4% in the second quarter. MPS Loria Financial Planners LLC now owns 11,191 shares of the e-commerce giant’s stock valued at $2,163,000 after acquiring an additional 468 shares during the period. Mid American Wealth Advisory Group Inc. boosted its position in Amazon.com by 44.3% in the second quarter. Mid American Wealth Advisory Group Inc. now owns 1,788 shares of the e-commerce giant’s stock worth $346,000 after purchasing an additional 549 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in shares of Amazon.com by 3.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 47,099 shares of the e-commerce giant’s stock valued at $9,102,000 after purchasing an additional 1,411 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the firm’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 transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, 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 ninety days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 4.6 %

Shares of NASDAQ AMZN opened at $220.52 on Thursday. The firm 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, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. 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 50-day simple moving average is $204.37 and its 200-day simple moving average is $190.75.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for 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% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Moffett Nathanson increased their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley lifted their target price on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Scotiabank upped their price target on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Finally, Loop Capital lifted their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $242.00.

Amazon.com Company 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.