Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,191 shares of the e-commerce giant’s stock after selling 119 shares during the quarter. Amazon.com accounts for approximately 2.7% of Kovack Advisors Inc.’s holdings, making the stock its 4th biggest holding. Kovack Advisors Inc.’s holdings in Amazon.com were worth $25,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Wealth Advisors Inc. raised its stake in Amazon.com by 14.7% during the 2nd quarter. Cornerstone Wealth Advisors Inc. now owns 1,534 shares of the e-commerce giant’s stock valued at $296,000 after acquiring an additional 197 shares in the last quarter. Sitrin Capital Management LLC increased its holdings in shares of Amazon.com by 0.4% during the second quarter. Sitrin Capital Management LLC now owns 34,128 shares of the e-commerce giant’s stock valued at $6,595,000 after purchasing an additional 134 shares during the period. Muirfield Wealth Advisors LLC raised its stake in shares of Amazon.com by 8.4% during the second quarter. Muirfield Wealth Advisors LLC now owns 3,829 shares of the e-commerce giant’s stock valued at $740,000 after purchasing an additional 297 shares in the last quarter. Inspirion Wealth Advisors LLC lifted its holdings in Amazon.com by 0.8% in the second quarter. Inspirion Wealth Advisors LLC now owns 10,306 shares of the e-commerce giant’s stock worth $1,992,000 after purchasing an additional 82 shares during the period. Finally, Capital CS Group LLC grew its position in Amazon.com by 106.6% in the 2nd quarter. Capital CS Group LLC now owns 3,890 shares of the e-commerce giant’s stock valued at $752,000 after buying an additional 62,862 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com 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 sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wedbush lifted their target price on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Benchmark upped their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Price Performance

AMZN opened at $225.06 on Tuesday. The firm has a market cap of $2.37 trillion, a PE ratio of 48.19, a P/E/G ratio of 1.54 and a beta of 1.16. The stock has a 50-day moving average price of $205.83 and a 200-day moving average price of $191.46. 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 announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share 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.