Amazon.com, Inc. (NASDAQ:AMZN) Stake Lessened by Narus Financial Partners LLC

Narus Financial Partners LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,550 shares of the e-commerce giant’s stock after selling 131 shares during the quarter. Narus Financial Partners LLC’s holdings in Amazon.com were worth $1,220,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Baker Boyer National Bank lifted its position in shares of Amazon.com by 11.2% during the third quarter. Baker Boyer National Bank now owns 4,462 shares of the e-commerce giant’s stock worth $831,000 after purchasing an additional 451 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in Amazon.com by 57.4% during the third quarter. McClarren Financial Advisors Inc. now owns 3,344 shares of the e-commerce giant’s stock valued at $623,000 after buying an additional 1,219 shares in the last quarter. Compass Ion Advisors LLC lifted its holdings in Amazon.com by 4.1% during the 3rd quarter. Compass Ion Advisors LLC now owns 25,689 shares of the e-commerce giant’s stock worth $4,787,000 after buying an additional 1,002 shares during the last quarter. Vest Financial LLC grew its position in shares of Amazon.com by 187.0% in the 3rd quarter. Vest Financial LLC now owns 38,542 shares of the e-commerce giant’s stock worth $7,182,000 after acquiring an additional 25,114 shares in the last quarter. Finally, Lee Johnson Capital Management LLC increased its holdings in shares of Amazon.com by 1,154.4% in the 3rd quarter. Lee Johnson Capital Management LLC now owns 23,646 shares of the e-commerce giant’s stock valued at $4,406,000 after acquiring an additional 21,761 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Susquehanna lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Morgan Stanley lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Rosenblatt Securities raised their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler upped their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.77.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 over the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 2.1 %

Shares of NASDAQ:AMZN opened at $198.70 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 42.55, a PEG ratio of 1.37 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90. The company has a 50 day moving average price of $192.79 and a 200 day moving average price of $186.26.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal 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.