Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Trimmed by Aigen Investment Management LP

Aigen Investment Management LP decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,090 shares of the e-commerce giant’s stock after selling 1,529 shares during the quarter. Amazon.com accounts for about 0.9% of Aigen Investment Management LP’s investment portfolio, making the stock its 7th biggest position. Aigen Investment Management LP’s holdings in Amazon.com were worth $4,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC grew its position in shares of Amazon.com by 7.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 525,823 shares of the e-commerce giant’s stock worth $97,977,000 after buying an additional 34,298 shares during the last quarter. Hemenway Trust Co LLC grew its position in Amazon.com by 1.0% during the 3rd quarter. Hemenway Trust Co LLC now owns 234,080 shares of the e-commerce giant’s stock worth $43,616,000 after purchasing an additional 2,264 shares during the period. Savvy Advisors Inc. grew its stake in shares of Amazon.com by 32.2% during the 3rd quarter. Savvy Advisors Inc. now owns 30,746 shares of the e-commerce giant’s stock worth $5,729,000 after purchasing an additional 7,486 shares during the period. Mascoma Wealth Management LLC boosted its stake in shares of Amazon.com by 2.4% during the 3rd quarter. Mascoma Wealth Management LLC now owns 6,412 shares of the e-commerce giant’s stock worth $1,195,000 after acquiring an additional 150 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $2,802,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.7 %

AMZN opened at $224.92 on Monday. 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 12-month low of $144.05 and a 12-month high of $233.00. The firm’s fifty day moving average price is $205.83 and its 200 day moving average price is $191.38. The stock has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $157.28 billion. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMZN shares. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Maxim Group increased their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 in the last ninety days. Company insiders own 10.80% of the company’s stock.

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.