Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Archer Investment Corp

Archer Investment Corp reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,259 shares of the e-commerce giant’s stock after selling 279 shares during the quarter. Archer Investment Corp’s holdings in Amazon.com were worth $2,471,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in Amazon.com by 11.7% during the third quarter. Empowered Funds LLC now owns 205,523 shares of the e-commerce giant’s stock worth $38,295,000 after buying an additional 21,512 shares during the last quarter. Empirical Finance LLC increased its stake in Amazon.com by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 323,303 shares of the e-commerce giant’s stock worth $60,241,000 after buying an additional 7,015 shares during the period. Check Capital Management Inc. CA increased its holdings in Amazon.com by 15.2% during the 3rd quarter. Check Capital Management Inc. CA now owns 2,903 shares of the e-commerce giant’s stock worth $541,000 after purchasing an additional 383 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in shares of Amazon.com by 1.6% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 346,012 shares of the e-commerce giant’s stock valued at $64,472,000 after purchasing an additional 5,384 shares in the last quarter. Finally, Black Diamond Financial LLC lifted its stake in Amazon.com by 5.5% during the third quarter. Black Diamond Financial LLC now owns 10,232 shares of the e-commerce giant’s stock worth $1,907,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. TD Cowen upped their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group boosted their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Stock Up 1.8 %

AMZN stock opened at $229.05 on Thursday. The firm has a market cap of $2.41 trillion, a PE ratio of 49.05, a P/E/G ratio of 1.54 and a beta of 1.16. The firm’s fifty day moving average is $207.40 and its 200 day moving average is $192.05. 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 one year low of $144.05 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

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.