Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,992 shares of the e-commerce giant’s stock after selling 83 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Amazon.com were worth $2,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its holdings in Amazon.com by 31.6% in 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 grew its stake in shares of Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares in the last quarter. Motco increased its holdings in shares of Amazon.com by 2.3% during the first quarter. Motco now owns 75,688 shares of the e-commerce giant’s stock valued at $13,653,000 after purchasing an additional 1,716 shares during the period. Bright Financial Advisors Inc. bought a new stake in shares of Amazon.com during the first quarter valued at about $1,149,000. Finally, Kelman Lazarov Inc. lifted its holdings in Amazon.com by 2.5% in the first quarter. Kelman Lazarov Inc. now owns 2,883 shares of the e-commerce giant’s stock worth $520,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $207.89 on Monday. The firm has a market cap of $2.19 trillion, a P/E ratio of 44.52, a PEG ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. The stock’s 50-day moving average is $194.78 and its two-hundred day moving average is $186.94.

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, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. Analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’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 sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’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 sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,026,683 shares of company stock valued at $1,252,148,795. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMZN shares. Evercore ISI raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Scotiabank raised their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Sanford C. Bernstein upped their target price on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price target (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Finally, Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

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.