Financial Partners Group LLC Sells 67 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Financial Partners Group LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,799 shares of the e-commerce giant’s stock after selling 67 shares during the period. Amazon.com accounts for approximately 1.1% of Financial Partners Group LLC’s holdings, making the stock its 25th largest position. Financial Partners Group LLC’s holdings in Amazon.com were worth $2,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the 2nd 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 last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the third quarter worth $56,000. Finally, Christopher J. Hasenberg Inc raised 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 acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Susquehanna lifted their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their target price on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock worth $1,252,148,795 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $205.74 on Friday. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $194.46 and its 200 day simple moving average is $186.79. The firm has a market capitalization of $2.16 trillion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for 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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 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.