Bard Financial Services Inc. Sells 3,180 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bard Financial Services Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,215 shares of the e-commerce giant’s stock after selling 3,180 shares during the period. Amazon.com accounts for 1.2% of Bard Financial Services Inc.’s portfolio, making the stock its 19th largest holding. Bard Financial Services Inc.’s holdings in Amazon.com were worth $10,288,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. PayPay Securities Corp grew its holdings in 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 buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter valued at $45,000. Values First Advisors Inc. bought a new stake in Amazon.com in the 3rd quarter valued at $56,000. Finally, Innealta Capital LLC purchased a new stake in Amazon.com in the 2nd quarter worth $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.2 %

AMZN opened at $220.66 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $217.35 and its two-hundred day moving average is $195.93. The company has a market capitalization of $2.32 trillion, a P/E ratio of 47.25, a PEG ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. Analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Amazon.com from $197.00 to $212.00 and gave the company an “equal weight” rating in a research report on Tuesday. HSBC raised their price target on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday. Piper Sandler upped their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price target 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 analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

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.