Financial Advisors LLC Has $1.78 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Advisors LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,538 shares of the e-commerce giant’s stock after selling 540 shares during the quarter. Amazon.com accounts for approximately 0.3% of Financial Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Financial Advisors LLC’s holdings in Amazon.com were worth $1,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com in the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC bought a new position in Amazon.com during the 2nd quarter worth $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. Roth Mkm upped their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC boosted their price target on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Rosenblatt Securities increased their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their target price 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. Finally, Telsey Advisory Group upped their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two investment 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 stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Stock Down 4.2 %

Shares of AMZN opened at $202.61 on Friday. The company has a market capitalization of $2.13 trillion, a PE ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. The stock’s 50-day moving average price is $191.16 and its two-hundred day moving average price is $185.69. 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 12 month low of $139.52 and a 12 month high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for 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 firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value 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. This trade represents a 3.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were 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 $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Company insiders own 10.80% of the company’s stock.

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.