Amazon.com, Inc. (NASDAQ:AMZN) Stake Lessened by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,835 shares of the e-commerce giant’s stock after selling 5,136 shares during the quarter. Amazon.com comprises about 1.7% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Sheaff Brock Investment Advisors LLC’s holdings in Amazon.com were worth $19,720,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AMZN. PayPay Securities Corp raised its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter worth $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com in the 3rd quarter worth about $56,000. Finally, Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $229.05 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.41 trillion, a P/E ratio of 49.05, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The business has a 50 day simple moving average of $207.40 and a 200-day simple moving average of $192.05.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMZN. Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a report on Monday, December 16th. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Oppenheimer lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” 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 stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus 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.