Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,026 shares of the e-commerce giant’s stock after selling 15,567 shares during the quarter. Amazon.com makes up approximately 1.8% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 4th biggest position. Oppenheimer & Co. Inc.’s holdings in Amazon.com were worth $114,970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in Amazon.com by 2.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 4,320 shares of the e-commerce giant’s stock valued at $824,000 after purchasing an additional 93 shares during the period. Hartline Investment Corp boosted its stake in shares of Amazon.com by 3.5% in the 3rd quarter. Hartline Investment Corp now owns 163,240 shares of the e-commerce giant’s stock valued at $30,417,000 after purchasing an additional 5,596 shares during the last quarter. Mengis Capital Management Inc. increased its position in shares of Amazon.com by 1.4% during the third quarter. Mengis Capital Management Inc. now owns 39,000 shares of the e-commerce giant’s stock worth $7,267,000 after buying an additional 540 shares during the period. Gibson Wealth Advisors LLC raised its stake in Amazon.com by 5.2% during the third quarter. Gibson Wealth Advisors LLC now owns 2,025 shares of the e-commerce giant’s stock worth $377,000 after buying an additional 100 shares during the last quarter. Finally, Hamel Associates Inc. lifted its holdings in Amazon.com by 2.2% in the third quarter. Hamel Associates Inc. now owns 4,095 shares of the e-commerce giant’s stock valued at $763,000 after buying an additional 90 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI increased their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research note on Wednesday, November 20th. Finally, Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $225.06 on Tuesday. The company has a market cap of $2.37 trillion, a P/E ratio of 48.19, a P/E/G ratio of 1.54 and a beta of 1.16. The business has a fifty day simple moving average of $205.83 and a 200-day simple moving average of $191.46. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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. 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated 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 sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % 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 this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the transaction, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. 10.80% of the stock is owned by company insiders.

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.