Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,037 shares of the e-commerce giant’s stock after selling 67 shares during the period. Amazon.com comprises approximately 0.8% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 23rd largest holding. One Charles Private Wealth Services LLC’s holdings in Amazon.com were worth $2,057,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC raised its holdings in shares of Amazon.com by 10.0% during the third quarter. Kingsview Wealth Management LLC now owns 477,074 shares of the e-commerce giant’s stock valued at $88,893,000 after acquiring an additional 43,527 shares during the last quarter. Cerity Partners LLC increased its position in shares of Amazon.com by 17.2% during the third quarter. Cerity Partners LLC now owns 3,639,220 shares of the e-commerce giant’s stock worth $678,096,000 after purchasing an additional 532,817 shares in the last quarter. Optivise Advisory Services LLC acquired a new position in Amazon.com in the 3rd quarter valued at $649,000. Great Valley Advisor Group Inc. lifted its holdings in Amazon.com by 1.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 336,173 shares of the e-commerce giant’s stock valued at $62,640,000 after purchasing an additional 5,085 shares in the last quarter. Finally, Certified Advisory Corp boosted its stake in Amazon.com by 2.2% during the 3rd quarter. Certified Advisory Corp now owns 31,284 shares of the e-commerce giant’s stock worth $5,829,000 after purchasing an additional 659 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $224.19 on Friday. The company has a market cap of $2.36 trillion, a P/E ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16. The firm has a fifty day moving average price of $212.34 and a 200 day moving average price of $193.77. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN) last released 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on 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 directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s 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 transaction, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was 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.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMZN shares. Tigress Financial raised their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Two 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 stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $243.44.

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.