Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,361 shares of the e-commerce giant’s stock after selling 2,985 shares during the quarter. Amazon.com makes up 2.3% of Octavia Wealth Advisors LLC’s holdings, making the stock its 12th biggest position. Octavia Wealth Advisors LLC’s holdings in Amazon.com were worth $18,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Next Level Private LLC raised its stake in Amazon.com by 0.9% in the 3rd quarter. Next Level Private LLC now owns 11,535 shares of the e-commerce giant’s stock valued at $2,149,000 after purchasing an additional 100 shares during the last quarter. Asio Capital LLC grew its holdings in shares of Amazon.com by 37.4% during the third quarter. Asio Capital LLC now owns 57,781 shares of the e-commerce giant’s stock worth $10,766,000 after buying an additional 15,740 shares in the last quarter. Meyer Handelman Co. raised its position in shares of Amazon.com by 2.3% in the third quarter. Meyer Handelman Co. now owns 329,340 shares of the e-commerce giant’s stock valued at $61,366,000 after buying an additional 7,345 shares during the last quarter. Bennett Selby Investments LP boosted its position in Amazon.com by 2.2% during the third quarter. Bennett Selby Investments LP now owns 36,376 shares of the e-commerce giant’s stock worth $6,778,000 after acquiring an additional 777 shares during the last quarter. Finally, Level Financial Advisors purchased a new stake in Amazon.com during the 3rd quarter valued at about $544,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock worth $10,215,097 in the last ninety days. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on AMZN shares. TD Cowen raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Maxim Group lifted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Trading Down 0.9 %

AMZN opened at $208.18 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $212.25. The company has a market cap of $2.19 trillion, a P/E ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14. The business’s 50-day simple moving average is $187.83 and its 200-day simple moving average is $184.62.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.16 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.