Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Brass Tax Wealth Management Inc.

Brass Tax Wealth Management Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,598 shares of the e-commerce giant’s stock after selling 124 shares during the quarter. Brass Tax Wealth Management Inc.’s holdings in Amazon.com were worth $670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Management LLC MS boosted its stake in Amazon.com by 75.7% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant’s stock valued at $2,408,000 after purchasing an additional 5,567 shares in the last quarter. Alternative Investment Advisors LLC. lifted its holdings in shares of Amazon.com by 2.2% in the third quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock valued at $1,894,000 after buying an additional 215 shares during the period. DGS Capital Management LLC boosted its stake in Amazon.com by 4.3% during the third quarter. DGS Capital Management LLC now owns 25,410 shares of the e-commerce giant’s stock valued at $4,735,000 after buying an additional 1,039 shares in the last quarter. Copley Financial Group Inc. acquired a new position in Amazon.com during the third quarter worth about $705,000. Finally, Milestone Resources Group Ltd raised its position in Amazon.com by 31.9% in the third quarter. Milestone Resources Group Ltd now owns 1,183,916 shares of the e-commerce giant’s stock worth $220,599,000 after acquiring an additional 286,141 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank lifted their price target on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. UBS Group increased their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Wedbush lifted their target price on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Finally, Tigress Financial boosted their target price on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Two 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 company presently has an average rating of “Moderate Buy” and an average price target of $245.65.

Amazon.com Price Performance

NASDAQ AMZN opened at $225.94 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $233.00. The stock’s 50-day moving average is $217.56 and its two-hundred day moving average is $196.10. The firm has a market cap of $2.38 trillion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. 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 issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

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.