Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Alerus Financial NA

Alerus Financial NA reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,536 shares of the e-commerce giant’s stock after selling 14,909 shares during the period. Amazon.com accounts for 1.8% of Alerus Financial NA’s investment portfolio, making the stock its 13th biggest holding. Alerus Financial NA’s holdings in Amazon.com were worth $24,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AMZN. Keeler Thomas Management LLC boosted its position in Amazon.com by 6.9% during the second quarter. Keeler Thomas Management LLC now owns 20,996 shares of the e-commerce giant’s stock worth $4,057,000 after purchasing an additional 1,361 shares during the period. Moss Adams Wealth Advisors LLC increased its holdings in Amazon.com by 12.1% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 33,354 shares of the e-commerce giant’s stock valued at $6,446,000 after buying an additional 3,601 shares during the period. Inlet Private Wealth LLC raised its holdings in shares of Amazon.com by 3.0% in the 2nd quarter. Inlet Private Wealth LLC now owns 6,554 shares of the e-commerce giant’s stock worth $1,267,000 after buying an additional 192 shares in the last quarter. Harbour Trust & Investment Management Co increased its position in shares of Amazon.com by 28.9% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 13,894 shares of the e-commerce giant’s stock worth $2,685,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Trust Co. of Oklahoma increased its holdings in Amazon.com by 0.7% during the 2nd quarter. Trust Co. of Oklahoma now owns 22,874 shares of the e-commerce giant’s stock valued at $4,420,000 after purchasing an additional 153 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $222.13 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.34 trillion, a P/E ratio of 47.57, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $148.21 and a 12 month high of $233.00. The stock has a 50 day moving average of $215.78 and a 200-day moving average of $195.11.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMZN shares. Pivotal Research assumed coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Wells Fargo & Company reissued an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Finally, UBS Group upped their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two research 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 data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $243.67.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated 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 directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

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.