Future Financial Wealth Managment LLC Sells 211 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Future Financial Wealth Managment LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,129 shares of the e-commerce giant’s stock after selling 211 shares during the period. Amazon.com makes up approximately 0.8% of Future Financial Wealth Managment LLC’s holdings, making the stock its 29th biggest position. Future Financial Wealth Managment LLC’s holdings in Amazon.com were worth $1,142,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Swedbank AB purchased a new position in Amazon.com in the 1st quarter worth about $2,239,757,000. Capital World Investors raised its position in Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. Capital Research Global Investors raised its position in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised 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 worth $759,971,000 after buying an additional 3,903,889 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the 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 in the company, valued at $19,864,290.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,859 shares of company stock worth $10,215,097. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Monness Crespi & Hardt boosted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JMP Securities boosted their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. TD Cowen boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Wolfe Research initiated coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target for the company. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.48.

Amazon.com Stock Up 1.9 %

NASDAQ AMZN opened at $199.50 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.09 trillion, a P/E ratio of 42.72, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a one year low of $138.36 and a one year high of $201.20. The stock has a 50 day moving average price of $185.75 and a 200-day moving average price of $184.07.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 4.98 EPS for the current fiscal year.

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.