Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Fmr LLC

Fmr LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 326,738,561 shares of the e-commerce giant’s stock after selling 2,576,235 shares during the quarter. Amazon.com comprises about 3.7% of Fmr LLC’s holdings, making the stock its 5th biggest position. Fmr LLC owned 3.11% of Amazon.com worth $60,881,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. First Pacific Financial grew its holdings in shares of Amazon.com by 68.3% during the second quarter. First Pacific Financial now owns 3,988 shares of the e-commerce giant’s stock valued at $771,000 after buying an additional 1,619 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Amazon.com by 0.6% during the second quarter. Continuum Advisory LLC now owns 68,549 shares of the e-commerce giant’s stock valued at $13,247,000 after buying an additional 425 shares during the last quarter. Kavar Capital Partners Group LLC grew its holdings in shares of Amazon.com by 1.8% during the second quarter. Kavar Capital Partners Group LLC now owns 30,279 shares of the e-commerce giant’s stock valued at $5,851,000 after buying an additional 545 shares during the last quarter. ZWJ Investment Counsel Inc. grew its holdings in shares of Amazon.com by 2.9% during the second quarter. ZWJ Investment Counsel Inc. now owns 23,394 shares of the e-commerce giant’s stock valued at $4,521,000 after buying an additional 653 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Amazon.com by 7.9% during the second quarter. First Citizens Bank & Trust Co. now owns 199,262 shares of the e-commerce giant’s stock valued at $38,507,000 after buying an additional 14,657 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock opened at $224.19 on Monday. The firm’s 50 day simple moving average is $213.07 and its 200 day simple moving average is $194.21. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm 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. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AMZN shares. Benchmark lifted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wedbush raised their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Tigress Financial raised their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Monness Crespi & Hardt raised their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $243.44.

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.