Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by HTG Investment Advisors Inc.

HTG Investment Advisors Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,102 shares of the e-commerce giant’s stock after selling 208 shares during the quarter. HTG Investment Advisors Inc.’s holdings in Amazon.com were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Gunderson Capital Management Inc. increased its holdings in shares of Amazon.com by 7.6% during the 2nd quarter. Gunderson Capital Management Inc. now owns 47,090 shares of the e-commerce giant’s stock valued at $9,100,000 after acquiring an additional 3,310 shares during the last quarter. VanderPol Investments L.L.C. raised its position in shares of Amazon.com by 6.1% in the second quarter. VanderPol Investments L.L.C. now owns 2,502 shares of the e-commerce giant’s stock valued at $484,000 after purchasing an additional 143 shares during the period. jvl associates llc lifted its stake in shares of Amazon.com by 64.0% in the second quarter. jvl associates llc now owns 5,253 shares of the e-commerce giant’s stock worth $1,015,000 after buying an additional 2,050 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of Amazon.com by 3.3% during the 2nd quarter. Global Trust Asset Management LLC now owns 15,742 shares of the e-commerce giant’s stock worth $3,042,000 after buying an additional 502 shares during the period. Finally, Cadent Capital Advisors LLC grew its stake in Amazon.com by 13.2% in the 2nd quarter. Cadent Capital Advisors LLC now owns 2,047 shares of the e-commerce giant’s stock valued at $396,000 after buying an additional 239 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.7 %

AMZN opened at $224.92 on Friday. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The firm has a 50-day moving average price of $205.83 and a two-hundred day moving average price of $191.30. The stock has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. 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 (NASDAQ:AMZN) last posted 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. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMZN shares. Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Monness Crespi & Hardt boosted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital raised their target price on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Maxim Group upped their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Company 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.