Catalyst Capital Advisors LLC Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Catalyst Capital Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,025 shares of the e-commerce giant’s stock after selling 1,490 shares during the period. Catalyst Capital Advisors LLC’s holdings in Amazon.com were worth $6,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. China Universal Asset Management Co. Ltd. lifted its stake in shares of 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 valued at $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC raised its holdings in Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares during the period. LRI Investments LLC acquired a new position in Amazon.com during the first quarter valued at approximately $10,958,000. Sanibel Captiva Trust Company Inc. grew its stake in Amazon.com by 2.8% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 314,613 shares of the e-commerce giant’s stock worth $56,750,000 after buying an additional 8,543 shares during the period. Finally, Swedbank AB acquired a new stake in shares of Amazon.com in the first quarter worth $2,239,757,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.6 %

Shares of AMZN stock opened at $228.97 on Friday. 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 has a 50-day simple moving average of $199.89 and a 200 day simple moving average of $189.07. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20. The stock has a market capitalization of $2.41 trillion, a P/E ratio of 49.03, a P/E/G ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Roth Mkm raised their price objective on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday. Wedbush upped their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Mizuho lifted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $237.98.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 in the last three months. 10.80% of the stock is currently owned by insiders.

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.