Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,536 shares of the e-commerce giant’s stock after selling 632 shares during the period. Amazon.com accounts for approximately 0.9% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 24th largest position. Mayflower Financial Advisors LLC’s holdings in Amazon.com were worth $5,876,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Capital Wealth Partners LLC increased its position in shares of Amazon.com by 1.2% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 18,201 shares of the e-commerce giant’s stock worth $3,391,000 after purchasing an additional 217 shares during the last quarter. Disciplined Investments LLC acquired a new position in Amazon.com in the third quarter valued at about $212,000. Axxcess Wealth Management LLC boosted its stake in Amazon.com by 2.8% during the third quarter. Axxcess Wealth Management LLC now owns 262,687 shares of the e-commerce giant’s stock worth $48,946,000 after buying an additional 7,203 shares during the period. Alan B Lancz & Associates Inc. increased its position in shares of Amazon.com by 1.9% during the third quarter. Alan B Lancz & Associates Inc. now owns 10,594 shares of the e-commerce giant’s stock valued at $1,974,000 after acquiring an additional 200 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC raised its stake in shares of Amazon.com by 1.0% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 9,082 shares of the e-commerce giant’s stock valued at $1,692,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. Telsey Advisory Group increased their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Susquehanna raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their price objective on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, Roth Mkm lifted their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $224.92 on Friday. The stock’s 50 day simple moving average is $205.83 and its 200 day simple moving average is $191.30. The stock has a market cap of $2.37 trillion, a P/E ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. 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 (NASDAQ:AMZN) last posted its earnings results 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.