Solitude Financial Services Sells 260 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Solitude Financial Services lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,502 shares of the e-commerce giant’s stock after selling 260 shares during the period. Amazon.com accounts for approximately 0.2% of Solitude Financial Services’ holdings, making the stock its 26th biggest position. Solitude Financial Services’ holdings in Amazon.com were worth $466,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp increased its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc lifted 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 valued at $58,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on 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 sale, the insider now directly 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 legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, 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. In the last three months, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Redburn Atlantic upped their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. Two equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.98.

Amazon.com Stock Performance

Shares of AMZN stock opened at $228.97 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $231.20. The business’s 50 day moving average is $199.89 and its two-hundred day moving average is $189.07. The company 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 posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.