TRUE Private Wealth Advisors Sells 7,291 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TRUE Private Wealth Advisors lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,759 shares of the e-commerce giant’s stock after selling 7,291 shares during the quarter. Amazon.com makes up about 1.1% of TRUE Private Wealth Advisors’ portfolio, making the stock its 13th biggest position. TRUE Private Wealth Advisors’ holdings in Amazon.com were worth $9,272,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vicus Capital lifted its stake in Amazon.com by 9.2% in the second quarter. Vicus Capital now owns 25,313 shares of the e-commerce giant’s stock worth $4,892,000 after acquiring an additional 2,137 shares during the period. Busey Bank lifted its holdings in Amazon.com by 1.4% during the second quarter. Busey Bank now owns 547,635 shares of the e-commerce giant’s stock worth $105,831,000 after buying an additional 7,824 shares during the period. Iowa State Bank boosted its position in Amazon.com by 4.0% during the 2nd quarter. Iowa State Bank now owns 48,957 shares of the e-commerce giant’s stock valued at $9,461,000 after acquiring an additional 1,884 shares in the last quarter. Burns J W & Co. Inc. NY increased its holdings in shares of Amazon.com by 1.7% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 131,669 shares of the e-commerce giant’s stock valued at $25,445,000 after acquiring an additional 2,176 shares during the period. Finally, First Bancorp Inc ME raised its holdings in Amazon.com by 5.5% in the second quarter. First Bancorp Inc ME now owns 11,559 shares of the e-commerce giant’s stock worth $2,234,000 after purchasing an additional 598 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. Roth Mkm lifted their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Pivotal Research initiated coverage on Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Benchmark boosted their price target on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America increased their price objective 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. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $243.67.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % 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 three months. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of Amazon.com stock opened at $222.13 on Thursday. 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 twelve month low of $148.21 and a twelve month high of $233.00. The firm has a market capitalization of $2.34 trillion, a PE ratio of 47.57, a P/E/G ratio of 1.54 and a beta of 1.14. The firm’s 50-day moving average price is $215.07 and its 200 day moving average price is $194.92.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts predict 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.