Mason Investment Advisory Services Inc. Sells 557 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mason Investment Advisory Services Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,684 shares of the e-commerce giant’s stock after selling 557 shares during the quarter. Mason Investment Advisory Services Inc.’s holdings in Amazon.com were worth $500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $45,000. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com in the third quarter valued at $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Oppenheimer upped their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Bank of America raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.44.

Amazon.com Price Performance

AMZN stock opened at $224.19 on Friday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16. 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’s 50-day moving average is $212.34 and its two-hundred day moving average is $193.77.

Amazon.com (NASDAQ:AMZN) last posted 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 analyst estimates of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction 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 sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by insiders.

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.