Cedar Mountain Advisors LLC Sells 68 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cedar Mountain Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,624 shares of the e-commerce giant’s stock after selling 68 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in Amazon.com were worth $303,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. grew its stake in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares during the period. Investment Advisory Group LLC boosted its holdings in Amazon.com by 2.0% in the first quarter. Investment Advisory Group LLC now owns 22,789 shares of the e-commerce giant’s stock worth $4,111,000 after acquiring an additional 439 shares in the last quarter. Independent Family Office LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $209,000. M3 Advisory Group LLC increased its holdings in shares of Amazon.com by 31.2% during the first quarter. M3 Advisory Group LLC now owns 8,644 shares of the e-commerce giant’s stock valued at $1,559,000 after acquiring an additional 2,058 shares in the last quarter. Finally, Madison Wealth Partners Inc raised its position in shares of Amazon.com by 0.9% during the first quarter. Madison Wealth Partners Inc now owns 17,665 shares of the e-commerce giant’s stock worth $3,186,000 after purchasing an additional 153 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on AMZN. Royal Bank of Canada lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. JMP Securities raised their price target on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities boosted their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Monness Crespi & Hardt raised their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Stock Up 1.0 %

Amazon.com stock opened at $208.91 on Wednesday. The firm has a 50 day simple moving average of $188.40 and a 200 day simple moving average of $184.95. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $212.25. The firm has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 44.73, a P/E/G ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during 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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.