Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by Denver PWM LLC

Denver PWM LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 28.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,398 shares of the e-commerce giant’s stock after selling 551 shares during the period. Denver PWM LLC’s holdings in Amazon.com were worth $260,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMZN. Rench Wealth Management Inc. lifted its holdings in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after buying an additional 16,392 shares during the period. Blankinship & Foster LLC lifted its stake in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the last quarter. Umpqua Bank boosted its holdings in shares of Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares during the period. Finally, Washington Trust Advisors Inc. grew its position in shares of Amazon.com by 0.4% during the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after acquiring an additional 982 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.4 %

NASDAQ:AMZN opened at $225.94 on Friday. The stock has a market cap of $2.38 trillion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week 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. The stock’s 50-day moving average is $217.56 and its two-hundred day moving average is $196.10.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business 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 firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMZN shares. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Redburn Atlantic lifted their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Roth Mkm increased their price objective on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Wedbush increased their price target on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was 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 $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. Corporate 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.