Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,463 shares of the e-commerce giant’s stock after selling 451 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Amazon.com were worth $2,322,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMZN. BCS Wealth Management increased its position in shares of Amazon.com by 1.6% during the second quarter. BCS Wealth Management now owns 10,594 shares of the e-commerce giant’s stock worth $2,047,000 after purchasing an additional 162 shares in the last quarter. James Hambro & Partners grew its stake in shares of Amazon.com by 2.0% in the 2nd quarter. James Hambro & Partners now owns 589,671 shares of the e-commerce giant’s stock valued at $114,025,000 after purchasing an additional 11,779 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in Amazon.com by 2.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 9,874 shares of the e-commerce giant’s stock valued at $1,908,000 after buying an additional 205 shares during the period. Financial Insights Inc. raised its holdings in Amazon.com by 3.0% during the second quarter. Financial Insights Inc. now owns 27,234 shares of the e-commerce giant’s stock worth $5,263,000 after purchasing an additional 803 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its position in Amazon.com by 1.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 331,088 shares of the e-commerce giant’s stock worth $63,983,000 after purchasing an additional 5,742 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. Stifel Nicolaus lifted 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. Wedbush raised their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Loop Capital raised their price target on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Susquehanna raised their target price 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. Finally, Mizuho boosted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 1.5 %

NASDAQ AMZN opened at $223.75 on Friday. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock’s 50 day moving average price is $209.73 and its two-hundred day moving average price is $192.81. The stock has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

About Amazon.com

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.