Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Seelaus Asset Management LLC

Seelaus Asset Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,683 shares of the e-commerce giant’s stock after selling 469 shares during the quarter. Amazon.com makes up approximately 2.5% of Seelaus Asset Management LLC’s holdings, making the stock its 4th biggest holding. Seelaus Asset Management LLC’s holdings in Amazon.com were worth $2,736,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vawter Financial Ltd. lifted its position in Amazon.com by 9.1% during the 3rd quarter. Vawter Financial Ltd. now owns 2,585 shares of the e-commerce giant’s stock worth $482,000 after buying an additional 216 shares in the last quarter. Northcape Wealth Management LLC raised its holdings in Amazon.com by 782.1% during the 3rd quarter. Northcape Wealth Management LLC now owns 15,746 shares of the e-commerce giant’s stock worth $2,934,000 after purchasing an additional 13,961 shares during the last quarter. First Long Island Investors LLC lifted its holdings in Amazon.com by 2.3% in the third quarter. First Long Island Investors LLC now owns 296,264 shares of the e-commerce giant’s stock valued at $55,203,000 after buying an additional 6,779 shares during the period. Gouws Capital LLC lifted its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Gouws Capital LLC now owns 40,366 shares of the e-commerce giant’s stock valued at $7,521,000 after purchasing an additional 125 shares during the period. Finally, Bank of Marin boosted its holdings in Amazon.com by 1.1% during the third quarter. Bank of Marin now owns 15,880 shares of the e-commerce giant’s stock worth $2,959,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.9 %

AMZN opened at $227.05 on Friday. The stock’s fifty day simple moving average is $209.04 and its 200 day simple moving average is $192.55. 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 stock has a market cap of $2.39 trillion, a PE ratio of 48.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued 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. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMZN. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Benchmark increased their price target on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, JMP Securities restated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.