Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,173 shares of the e-commerce giant’s stock after selling 8,441 shares during the quarter. Amazon.com makes up 4.3% of Intellectus Partners LLC’s investment portfolio, making the stock its 2nd largest position. Intellectus Partners LLC’s holdings in Amazon.com were worth $16,988,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. RFG Holdings Inc. raised its holdings in Amazon.com by 32.0% during the second quarter. RFG Holdings Inc. now owns 5,984 shares of the e-commerce giant’s stock worth $1,156,000 after purchasing an additional 1,451 shares in the last quarter. Transform Wealth LLC grew its position in shares of Amazon.com by 2.7% in the 2nd quarter. Transform Wealth LLC now owns 134,995 shares of the e-commerce giant’s stock valued at $26,088,000 after buying an additional 3,560 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Amazon.com by 13.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 177,606 shares of the e-commerce giant’s stock worth $34,322,000 after acquiring an additional 21,406 shares in the last quarter. Quantum Financial Advisors LLC lifted its position in Amazon.com by 0.8% in the second quarter. Quantum Financial Advisors LLC now owns 10,482 shares of the e-commerce giant’s stock valued at $2,026,000 after acquiring an additional 80 shares during the last quarter. Finally, Diligent Investors LLC boosted its stake in Amazon.com by 4.2% in the second quarter. Diligent Investors LLC now owns 16,138 shares of the e-commerce giant’s stock valued at $3,119,000 after acquiring an additional 650 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Maxim Group lifted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their price objective on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Trading Up 1.8 %

NASDAQ:AMZN opened at $229.05 on Thursday. The company has a market capitalization of $2.41 trillion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The stock has a fifty day simple moving average of $207.40 and a 200-day simple moving average of $192.05. 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 announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.