Alesco Advisors LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Alesco Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,240 shares of the e-commerce giant’s stock after selling 106 shares during the period. Alesco Advisors LLC’s holdings in Amazon.com were worth $790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Icon Wealth Advisors LLC increased its holdings in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the 3rd quarter worth $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the 3rd quarter worth $45,000. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMZN. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Roth Mkm upped their price objective on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Robert W. Baird raised their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.44.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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.

Amazon.com Stock Up 1.8 %

Amazon.com stock opened at $224.19 on Friday. The stock has a market cap of $2.36 trillion, a PE ratio of 48.01, 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 current ratio of 1.09 and a quick ratio of 0.87. The stock’s fifty day moving average is $212.34 and its two-hundred day moving average is $193.77. 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 earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.