Financial Insights Inc. Sells 10,127 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Financial Insights Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 37.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,107 shares of the e-commerce giant’s stock after selling 10,127 shares during the period. Amazon.com makes up 1.0% of Financial Insights Inc.’s investment portfolio, making the stock its 23rd largest holding. Financial Insights Inc.’s holdings in Amazon.com were worth $3,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after buying an additional 1,081 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Amazon.com by 13.5% during the 1st quarter. Empowered Funds LLC now owns 185,064 shares of the e-commerce giant’s stock worth $33,382,000 after buying an additional 22,071 shares in the last quarter. PFG Advisors boosted its holdings in shares of Amazon.com by 4.5% during the 1st quarter. PFG Advisors now owns 62,181 shares of the e-commerce giant’s stock worth $11,216,000 after buying an additional 2,681 shares in the last quarter. Finally, Aull & Monroe Investment Management Corp boosted its holdings in shares of Amazon.com by 6.6% during the 1st quarter. Aull & Monroe Investment Management Corp now owns 1,578 shares of the e-commerce giant’s stock worth $285,000 after buying an additional 98 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Piper Sandler increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. UBS Group increased their target price on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Finally, Sanford C. Bernstein increased their target price on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.77.

Amazon.com Trading Down 0.6 %

Shares of AMZN opened at $197.12 on Monday. The business has a 50-day moving average of $193.00 and a 200 day moving average of $186.29. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. The firm has a market cap of $2.07 trillion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % 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 worth $1,249,093,896 in the last quarter. 10.80% of the stock is owned by company insiders.

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.