Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,722 shares of the e-commerce giant’s stock after selling 2,763 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Amazon.com were worth $5,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BCS Wealth Management increased its stake in shares of Amazon.com by 1.6% in the second quarter. BCS Wealth Management now owns 10,594 shares of the e-commerce giant’s stock worth $2,047,000 after buying an additional 162 shares during the last quarter. James Hambro & Partners grew its holdings in Amazon.com by 2.0% during the 2nd quarter. James Hambro & Partners now owns 589,671 shares of the e-commerce giant’s stock worth $114,025,000 after acquiring an additional 11,779 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in Amazon.com by 2.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 9,874 shares of the e-commerce giant’s stock worth $1,908,000 after acquiring an additional 205 shares in the last quarter. Financial Insights Inc. increased its position in shares of Amazon.com by 3.0% in the 2nd quarter. Financial Insights Inc. now owns 27,234 shares of the e-commerce giant’s stock worth $5,263,000 after purchasing an additional 803 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its stake in shares of Amazon.com by 1.8% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 331,088 shares of the e-commerce giant’s stock valued at $63,983,000 after purchasing an additional 5,742 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on AMZN shares. Redburn Atlantic lifted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. 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 note on Friday, November 1st. Finally, TD Cowen lifted their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Stock Performance

Shares of AMZN stock opened at $223.75 on Friday. The company has a market capitalization of $2.35 trillion, a P/E ratio of 47.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company’s 50 day moving average price is $209.73 and its two-hundred day moving average price is $192.81.

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

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value 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 approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. 10.80% of the stock is currently owned by corporate 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.