Garde Capital Inc. Has $20.81 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Garde Capital Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,690 shares of the e-commerce giant’s stock after selling 3,309 shares during the quarter. Amazon.com makes up about 1.4% of Garde Capital Inc.’s investment portfolio, making the stock its 18th largest holding. Garde Capital Inc.’s holdings in Amazon.com were worth $20,811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. raised its stake in Amazon.com by 15.1% in the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock valued at $7,827,000 after acquiring an additional 5,300 shares during the period. Atomi Financial Group Inc. boosted its position in Amazon.com by 7.0% during the second quarter. Atomi Financial Group Inc. now owns 72,941 shares of the e-commerce giant’s stock worth $14,096,000 after purchasing an additional 4,749 shares during the period. Instrumental Wealth LLC increased its holdings in shares of Amazon.com by 1.3% in the second quarter. Instrumental Wealth LLC now owns 5,042 shares of the e-commerce giant’s stock valued at $907,000 after purchasing an additional 64 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Amazon.com by 5.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 45,457 shares of the e-commerce giant’s stock valued at $8,785,000 after purchasing an additional 2,332 shares during the period. Finally, Park Edge Advisors LLC raised its position in shares of Amazon.com by 5.9% in the second quarter. Park Edge Advisors LLC now owns 11,410 shares of the e-commerce giant’s stock valued at $2,205,000 after purchasing an additional 640 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Jefferies Financial Group upped their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Telsey Advisory Group upped their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark lifted their price target on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Price Performance

Shares of AMZN opened at $225.94 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.38 trillion, a PE ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00. The business has a 50-day simple moving average of $217.56 and a two-hundred day simple moving average of $196.10.

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, topping 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 business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal 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.