Blossom Wealth Management Has $902,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Blossom Wealth Management reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,841 shares of the e-commerce giant’s stock after selling 131 shares during the period. Amazon.com makes up approximately 1.8% of Blossom Wealth Management’s holdings, making the stock its 13th biggest holding. Blossom Wealth Management’s holdings in Amazon.com were worth $902,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of recent research reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Finally, Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.6 %

Shares of NASDAQ AMZN opened at $197.12 on Monday. The firm’s 50-day moving average price is $193.00 and its 200-day moving average price is $186.29. 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 capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90.

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

Amazon.com Company 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.