Rossmore Private Capital Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Rossmore Private Capital lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 92,230 shares of the e-commerce giant’s stock after selling 75 shares during the quarter. Amazon.com accounts for 2.1% of Rossmore Private Capital’s portfolio, making the stock its 8th biggest position. Rossmore Private Capital’s holdings in Amazon.com were worth $17,185,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Gibson Wealth Advisors LLC raised its holdings in Amazon.com by 5.2% in the 3rd quarter. Gibson Wealth Advisors LLC now owns 2,025 shares of the e-commerce giant’s stock worth $377,000 after purchasing an additional 100 shares in the last quarter. Hamel Associates Inc. raised its stake in Amazon.com by 2.2% in the third quarter. Hamel Associates Inc. now owns 4,095 shares of the e-commerce giant’s stock worth $763,000 after buying an additional 90 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC lifted its holdings in Amazon.com by 3.5% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 18,319 shares of the e-commerce giant’s stock worth $3,586,000 after buying an additional 615 shares during the period. Simmons Bank boosted its position in Amazon.com by 2.2% during the 3rd quarter. Simmons Bank now owns 126,177 shares of the e-commerce giant’s stock valued at $23,511,000 after acquiring an additional 2,674 shares in the last quarter. Finally, Souders Financial Advisors grew its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Souders Financial Advisors now owns 31,572 shares of the e-commerce giant’s stock worth $5,883,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $225.06 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a fifty day simple moving average of $205.83 and a 200 day simple moving average 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 market capitalization of $2.37 trillion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. Research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Transactions at Amazon.com

In other news, 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 transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated 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 completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMZN shares. Roth Mkm lifted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Oppenheimer raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

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.