Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Beaird Harris Wealth Management LLC

Beaird Harris Wealth Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,038 shares of the e-commerce giant’s stock after selling 1,471 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Amazon.com were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. PayPay Securities Corp lifted its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the 3rd quarter worth about $45,000. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com in the 3rd quarter valued at $56,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 2.4 %

AMZN stock opened at $225.94 on Friday. The stock has a market cap of $2.38 trillion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The firm’s 50-day simple moving average is $217.56 and its 200 day simple moving average is $196.10. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMZN shares. Telsey Advisory Group boosted their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Roth Mkm boosted their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Moffett Nathanson boosted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Wolfe Research raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.65.

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.