Atlas Wealth LLC Sells 161 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atlas Wealth LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,135 shares of the e-commerce giant’s stock after selling 161 shares during the quarter. Amazon.com makes up 1.9% of Atlas Wealth LLC’s investment portfolio, making the stock its 12th largest position. Atlas Wealth LLC’s holdings in Amazon.com were worth $4,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Atom Investors LP lifted its stake in shares of Amazon.com by 79.3% in the 3rd quarter. Atom Investors LP now owns 49,170 shares of the e-commerce giant’s stock valued at $9,162,000 after purchasing an additional 21,751 shares during the period. Atreides Management LP raised its stake in shares of Amazon.com by 18.8% in the third quarter. Atreides Management LP now owns 931,107 shares of the e-commerce giant’s stock worth $173,493,000 after purchasing an additional 147,513 shares during the last quarter. Bamco Inc. NY raised its stake in shares of Amazon.com by 1.3% in the third quarter. Bamco Inc. NY now owns 1,095,502 shares of the e-commerce giant’s stock worth $204,125,000 after purchasing an additional 13,622 shares during the last quarter. Kestra Investment Management LLC raised its stake in shares of Amazon.com by 14.9% in the third quarter. Kestra Investment Management LLC now owns 33,439 shares of the e-commerce giant’s stock worth $6,231,000 after purchasing an additional 4,337 shares during the last quarter. Finally, Royal Capital Wealth Management LLC grew its holdings in shares of Amazon.com by 10.0% in the third quarter. Royal Capital Wealth Management LLC now owns 21,971 shares of the e-commerce giant’s stock worth $4,094,000 after acquiring an additional 2,000 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Roth Mkm boosted their price objective on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Robert W. Baird boosted their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday. Two 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Price Performance

Shares of AMZN opened at $218.94 on Friday. The business’s 50-day moving average is $216.20 and its two-hundred day moving average is $195.34. The company has a market capitalization of $2.30 trillion, a P/E ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14. 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, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.