Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,909 shares of the e-commerce giant’s stock after selling 297 shares during the period. Amazon.com accounts for about 1.0% of GM Advisory Group LLC’s portfolio, making the stock its 24th largest holding. GM Advisory Group LLC’s holdings in Amazon.com were worth $17,498,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. ERn Financial LLC boosted its stake in Amazon.com by 2.2% during the 2nd quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock worth $3,650,000 after purchasing an additional 413 shares during the last quarter. Everpar Advisors LLC lifted its stake in shares of Amazon.com by 25.2% in the second quarter. Everpar Advisors LLC now owns 22,270 shares of the e-commerce giant’s stock worth $4,304,000 after buying an additional 4,483 shares in the last quarter. FMA Wealth Management LLC boosted its position in Amazon.com by 15.4% during the second quarter. FMA Wealth Management LLC now owns 1,500 shares of the e-commerce giant’s stock worth $290,000 after acquiring an additional 200 shares during the last quarter. E&G Advisors LP grew its stake in Amazon.com by 1.3% during the 2nd quarter. E&G Advisors LP now owns 26,223 shares of the e-commerce giant’s stock valued at $5,068,000 after acquiring an additional 341 shares in the last quarter. Finally, 1858 Wealth Management LLC raised its holdings in Amazon.com by 21.4% in the 2nd quarter. 1858 Wealth Management LLC now owns 16,610 shares of the e-commerce giant’s stock valued at $3,210,000 after acquiring an additional 2,929 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.4 %

NASDAQ:AMZN opened at $220.22 on Friday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The stock has a market cap of $2.32 trillion, a P/E ratio of 47.16, a P/E/G ratio of 1.54 and a beta of 1.16. 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 has a 50-day simple moving average of $211.67 and a 200-day simple moving average of $193.59.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm 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.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMZN. TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Jefferies Financial Group raised their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Oppenheimer boosted 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. Finally, Telsey Advisory Group raised their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. 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 ninety days. 10.80% of the stock is owned by corporate insiders.

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.