Amazon.com, Inc. (NASDAQ:AMZN) Holdings Trimmed by DF Dent & Co. Inc.

DF Dent & Co. Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,064,573 shares of the e-commerce giant’s stock after selling 21,447 shares during the quarter. Amazon.com makes up 2.4% of DF Dent & Co. Inc.’s portfolio, making the stock its 13th biggest holding. DF Dent & Co. Inc.’s holdings in Amazon.com were worth $198,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC raised its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter worth about $45,000. Finally, Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $218.46 on Tuesday. 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 business’s 50 day simple moving average is $216.66 and its 200 day simple moving average is $195.57. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping 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 company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on AMZN. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Sanford C. Bernstein increased their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Benchmark increased their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group raised their price target on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Wedbush lifted their price target on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.33.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is currently owned by company 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.