First Heartland Consultants Inc. Sells 10,222 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Heartland Consultants Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 14.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,021 shares of the e-commerce giant’s stock after selling 10,222 shares during the period. Amazon.com makes up about 1.2% of First Heartland Consultants Inc.’s portfolio, making the stock its 20th largest holding. First Heartland Consultants Inc.’s holdings in Amazon.com were worth $11,556,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Missouri Trust & Investment Co boosted its stake in Amazon.com by 12.0% during the third quarter. Missouri Trust & Investment Co now owns 21,034 shares of the e-commerce giant’s stock worth $3,919,000 after acquiring an additional 2,255 shares in the last quarter. Cumberland Partners Ltd grew its stake in shares of Amazon.com by 1.4% in the 3rd quarter. Cumberland Partners Ltd now owns 182,888 shares of the e-commerce giant’s stock worth $34,078,000 after acquiring an additional 2,462 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in Amazon.com by 7.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 525,823 shares of the e-commerce giant’s stock valued at $97,977,000 after purchasing an additional 34,298 shares during the period. Hemenway Trust Co LLC increased its holdings in Amazon.com by 1.0% in the 3rd quarter. Hemenway Trust Co LLC now owns 234,080 shares of the e-commerce giant’s stock worth $43,616,000 after acquiring an additional 2,264 shares during the last quarter. Finally, Savvy Advisors Inc. grew its position in shares of Amazon.com by 32.2% in the third quarter. Savvy Advisors Inc. now owns 30,746 shares of the e-commerce giant’s stock valued at $5,729,000 after purchasing an additional 7,486 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $427,050.00. Following the transaction, 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 6,034,534 shares of company stock worth $1,253,883,872 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock opened at $224.92 on Monday. The stock’s fifty day moving average is $205.83 and its two-hundred day moving average is $191.38. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG 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. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00.

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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMZN shares. TD Cowen raised their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Robert W. Baird lifted their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Two 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. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

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.