Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Keyes Stange & Wooten Wealth Management LLC

Keyes Stange & Wooten Wealth Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,802 shares of the e-commerce giant’s stock after selling 50 shares during the period. Keyes Stange & Wooten Wealth Management LLC’s holdings in Amazon.com were worth $522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Solitude Financial Services increased its position in Amazon.com by 56.8% during the second quarter. Solitude Financial Services now owns 2,762 shares of the e-commerce giant’s stock worth $534,000 after purchasing an additional 1,000 shares during the last quarter. MBL Wealth LLC lifted its stake in shares of Amazon.com by 6.3% during the second quarter. MBL Wealth LLC now owns 22,515 shares of the e-commerce giant’s stock worth $4,351,000 after purchasing an additional 1,337 shares in the last quarter. Hedeker Wealth LLC raised its holdings in shares of Amazon.com by 0.7% during the 2nd quarter. Hedeker Wealth LLC now owns 71,230 shares of the e-commerce giant’s stock valued at $13,765,000 after buying an additional 489 shares during the period. Signet Investment Advisory Group Inc. lifted its position in Amazon.com by 0.6% during the 2nd quarter. Signet Investment Advisory Group Inc. now owns 14,521 shares of the e-commerce giant’s stock worth $2,806,000 after acquiring an additional 85 shares in the last quarter. Finally, Marshall Financial Group LLC boosted its holdings in Amazon.com by 1.8% in the 2nd quarter. Marshall Financial Group LLC now owns 7,098 shares of the e-commerce giant’s stock worth $1,372,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.8 %

Shares of AMZN stock opened at $224.19 on Friday. The stock has a market cap of $2.36 trillion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16. The firm has a fifty day moving average of $212.34 and a 200-day moving average of $193.77. 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.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wolfe Research upped their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Loop Capital upped their price target on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.44.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated 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. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock valued at $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.