Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 361,723 shares of the e-commerce giant’s stock after selling 65,439 shares during the quarter. Amazon.com makes up approximately 4.5% of Generate Investment Management Ltd’s holdings, making the stock its 3rd largest holding. Generate Investment Management Ltd’s holdings in Amazon.com were worth $67,400,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Accurate Wealth Management LLC boosted its stake in shares of Amazon.com by 2.7% in the 3rd quarter. Accurate Wealth Management LLC now owns 39,027 shares of the e-commerce giant’s stock valued at $7,306,000 after purchasing an additional 1,037 shares during the last quarter. KMG Fiduciary Partners LLC boosted its holdings in Amazon.com by 1.6% during the third quarter. KMG Fiduciary Partners LLC now owns 173,853 shares of the e-commerce giant’s stock worth $32,394,000 after buying an additional 2,801 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of Amazon.com during the 3rd quarter worth about $2,370,000. Precedent Wealth Partners LLC increased its stake in shares of Amazon.com by 2.6% in the 3rd quarter. Precedent Wealth Partners LLC now owns 5,992 shares of the e-commerce giant’s stock valued at $1,116,000 after acquiring an additional 154 shares during the last quarter. Finally, Stratos Investment Management LLC raised its position in shares of Amazon.com by 58.9% in the 3rd quarter. Stratos Investment Management LLC now owns 87,959 shares of the e-commerce giant’s stock valued at $16,390,000 after acquiring an additional 32,604 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Maxim Group boosted their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein raised their price objective on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC lifted their target price on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Telsey Advisory Group increased their price target on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JMP Securities lifted their price objective on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $201.70 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.12 trillion, a P/E ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14. The stock has a 50 day simple moving average of $191.69 and a 200 day simple moving average of $185.93. Amazon.com, Inc. has a 1-year low of $141.50 and a 1-year high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was 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 owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 3.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 1.00 % 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. Corporate 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.