United Services Automobile Association Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

United Services Automobile Association lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,297 shares of the e-commerce giant’s stock after selling 44,472 shares during the quarter. Amazon.com makes up about 1.0% of United Services Automobile Association’s holdings, making the stock its 23rd biggest holding. United Services Automobile Association’s holdings in Amazon.com were worth $39,930,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Wesleyan Assurance Society acquired a new position in shares of Amazon.com in the 2nd quarter valued at $1,199,000. Value Star Asset Management Hong Kong Ltd boosted its position in shares of Amazon.com by 16.7% in the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 35,000 shares of the e-commerce giant’s stock worth $6,764,000 after buying an additional 5,000 shares in the last quarter. Waterway Wealth Management LLC boosted its position in shares of Amazon.com by 3.1% in the 2nd quarter. Waterway Wealth Management LLC now owns 3,320 shares of the e-commerce giant’s stock worth $642,000 after buying an additional 100 shares in the last quarter. Etesian Wealth Advisors Inc. boosted its position in shares of Amazon.com by 2.2% in the 2nd quarter. Etesian Wealth Advisors Inc. now owns 17,622 shares of the e-commerce giant’s stock worth $3,405,000 after buying an additional 380 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV lifted its holdings in Amazon.com by 31.2% in the 2nd quarter. Planning Alternatives Ltd. ADV now owns 1,619 shares of the e-commerce giant’s stock valued at $313,000 after purchasing an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $218.46 on Tuesday. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00. The stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.54 and a beta of 1.14. The stock’s 50 day moving average price is $216.66 and its 200 day moving average price is $195.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

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

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Tigress Financial lifted their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Wolfe Research raised their price objective on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wedbush lifted their target price on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.33.

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.