Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,930 shares of the e-commerce giant’s stock after selling 138 shares during the period. Amazon.com comprises 2.0% of Jeppson Wealth Management LLC’s portfolio, making the stock its 8th largest holding. Jeppson Wealth Management LLC’s holdings in Amazon.com were worth $5,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Once Capital Management LLC grew its holdings in Amazon.com by 10.2% in the third quarter. Once Capital Management LLC now owns 59,400 shares of the e-commerce giant’s stock valued at $11,068,000 after purchasing an additional 5,500 shares during the last quarter. Everhart Financial Group Inc. boosted its position in shares of Amazon.com by 9.0% in the 3rd quarter. Everhart Financial Group Inc. now owns 46,807 shares of the e-commerce giant’s stock worth $8,703,000 after buying an additional 3,866 shares in the last quarter. Fountainhead AM LLC grew its stake in Amazon.com by 15.2% in the 3rd quarter. Fountainhead AM LLC now owns 14,467 shares of the e-commerce giant’s stock valued at $2,696,000 after acquiring an additional 1,910 shares during the last quarter. Northwest Wealth Management LLC increased its holdings in Amazon.com by 26.6% during the 3rd quarter. Northwest Wealth Management LLC now owns 25,435 shares of the e-commerce giant’s stock valued at $4,739,000 after acquiring an additional 5,351 shares in the last quarter. Finally, Coalescence Partners Investment Management LP raised its position in Amazon.com by 29.1% during the third quarter. Coalescence Partners Investment Management LP now owns 102,264 shares of the e-commerce giant’s stock worth $19,055,000 after acquiring an additional 23,065 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $224.92 on Friday. The firm has a 50-day moving average of $205.83 and a two-hundred day moving average of $191.38. 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 stock has a market cap of $2.37 trillion, a P/E ratio of 48.16, 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Mizuho raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their target price on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Bank of America boosted their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Maxim Group increased their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

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.