Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Curran Financial Partners LLC

Curran Financial Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,304 shares of the e-commerce giant’s stock after selling 97 shares during the quarter. Curran Financial Partners LLC’s holdings in Amazon.com were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. PayPay Securities Corp raised its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the third quarter valued at $37,000. Christopher J. Hasenberg Inc raised its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the first quarter worth about $69,000. Finally, Innealta Capital LLC bought a new position in Amazon.com in the 2nd quarter valued at about $77,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMZN shares. Scotiabank upped their price target on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Robert W. Baird upped their price target on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Roth Mkm lifted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The stock was 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 in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $202.61 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 company’s fifty day moving average price is $190.54 and its 200 day moving average price is $185.54. The company has a market capitalization of $2.13 trillion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s revenue was up 11.0% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current 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.