Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Cassia Capital Partners LLC

Cassia Capital Partners LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,165 shares of the e-commerce giant’s stock after selling 339 shares during the quarter. Cassia Capital Partners LLC’s holdings in Amazon.com were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 1858 Wealth Management LLC raised its holdings in Amazon.com by 3.3% in the 3rd quarter. 1858 Wealth Management LLC now owns 17,154 shares of the e-commerce giant’s stock worth $3,196,000 after purchasing an additional 544 shares during the period. James Hambro & Partners LLP raised its holdings in Amazon.com by 4.3% in the 3rd quarter. James Hambro & Partners LLP now owns 615,079 shares of the e-commerce giant’s stock worth $114,598,000 after purchasing an additional 25,408 shares during the period. Toth Financial Advisory Corp raised its holdings in Amazon.com by 1.2% in the 3rd quarter. Toth Financial Advisory Corp now owns 19,390 shares of the e-commerce giant’s stock worth $3,613,000 after purchasing an additional 234 shares during the period. Wealth Effects LLC raised its holdings in Amazon.com by 0.7% in the 3rd quarter. Wealth Effects LLC now owns 61,165 shares of the e-commerce giant’s stock worth $11,397,000 after purchasing an additional 450 shares during the period. Finally, Clarus Group Inc. raised its holdings in Amazon.com by 7.2% in the 3rd quarter. Clarus Group Inc. now owns 25,198 shares of the e-commerce giant’s stock worth $4,695,000 after purchasing an additional 1,684 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.6 %

Shares of Amazon.com stock opened at $197.12 on Friday. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.37 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. 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 50 day moving average of $193.00 and a 200 day moving average of $186.32.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during 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 revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the company’s 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 transaction, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,011,423 shares of company stock worth $1,249,093,896 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. Bank of America upped their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Roth Mkm upped their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.77.

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.