Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Alliance Wealth Management Group

Alliance Wealth Management Group decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,086 shares of the e-commerce giant’s stock after selling 100 shares during the quarter. Alliance Wealth Management Group’s holdings in Amazon.com were worth $761,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% in the second 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 during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the third quarter valued at about $45,000. Christopher J. Hasenberg Inc increased its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter valued at about $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $224.19 on Monday. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The stock has a fifty day moving average of $213.07 and a 200-day moving average of $194.21. The company has a market capitalization of $2.36 trillion, a PE ratio of 48.01, a price-to-earnings-growth 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.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Benchmark upped their target price on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer upped their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.44.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.