Strategic Advocates LLC Has $5.53 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Advocates LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 14.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,667 shares of the e-commerce giant’s stock after selling 5,024 shares during the period. Amazon.com accounts for approximately 2.0% of Strategic Advocates LLC’s investment portfolio, making the stock its 12th biggest holding. Strategic Advocates LLC’s holdings in Amazon.com were worth $5,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Zhang Financial LLC lifted its stake in shares of Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after buying an additional 5,828 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after acquiring an additional 14,766 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Amazon.com by 19.2% in the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after acquiring an additional 19,231 shares during the last quarter. Stonekeep Investments LLC bought a new position in Amazon.com in the 2nd quarter valued at about $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Amazon.com by 164.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.4 %

Shares of Amazon.com stock opened at $201.70 on Tuesday. The company’s 50-day moving average price is $191.69 and its 200-day moving average price is $185.93. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $141.50 and a 12-month high of $215.90. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate 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 net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JMP Securities raised their target price on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Truist Financial raised their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Barclays increased their target price on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Telsey Advisory Group boosted 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 research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

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.