Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Code Waechter LLC

Code Waechter LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,928 shares of the e-commerce giant’s stock after selling 93 shares during the period. Code Waechter LLC’s holdings in Amazon.com were worth $862,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC grew its holdings in Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp increased its stake in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after buying an additional 3,903,889 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 0.2 %

AMZN stock opened at $234.85 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.47 trillion, a PE ratio of 50.29, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $236.40. The firm has a 50 day simple moving average of $219.63 and a 200 day simple moving average of $197.22.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMZN shares. Jefferies Financial Group boosted their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Moffett Nathanson upped their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Maxim Group raised their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two 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 company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $249.02.

Amazon.com 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.