RiverGlades Family Offices LLC Sells 195 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RiverGlades Family Offices LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,323 shares of the e-commerce giant’s stock after selling 195 shares during the period. RiverGlades Family Offices LLC’s holdings in Amazon.com were worth $619,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Soros Capital Management LLC grew its holdings in Amazon.com by 362.4% during the 3rd quarter. Soros Capital Management LLC now owns 106,273 shares of the e-commerce giant’s stock valued at $19,802,000 after buying an additional 83,291 shares in the last quarter. Insight Wealth Partners LLC lifted its stake in Amazon.com by 12.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 11,111 shares of the e-commerce giant’s stock worth $2,070,000 after purchasing an additional 1,226 shares in the last quarter. Hardy Reed LLC boosted its holdings in shares of Amazon.com by 0.7% during the 3rd quarter. Hardy Reed LLC now owns 31,781 shares of the e-commerce giant’s stock valued at $5,922,000 after purchasing an additional 235 shares during the last quarter. Baldwin Investment Management LLC raised its position in shares of Amazon.com by 15.5% during the 3rd quarter. Baldwin Investment Management LLC now owns 42,135 shares of the e-commerce giant’s stock valued at $7,851,000 after buying an additional 5,650 shares in the last quarter. Finally, Carlson Capital Management boosted its stake in Amazon.com by 2.0% during the third quarter. Carlson Capital Management now owns 9,468 shares of the e-commerce giant’s stock worth $1,764,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $227.61 on Tuesday. The business’s 50-day simple moving average is $213.85 and its 200-day simple moving average is $194.50. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 48.74, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $146.15 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 released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Redburn Atlantic upped their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wolfe Research lifted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $243.67.

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.