Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Talbot Financial LLC

Talbot Financial LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,240 shares of the e-commerce giant’s stock after selling 32,678 shares during the period. Amazon.com comprises about 6.1% of Talbot Financial LLC’s holdings, making the stock its 3rd largest position. Talbot Financial LLC’s holdings in Amazon.com were worth $51,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. QV Investors Inc. lifted its holdings in Amazon.com by 14.1% during the fourth quarter. QV Investors Inc. now owns 70,610 shares of the e-commerce giant’s stock worth $15,491,000 after acquiring an additional 8,720 shares during the period. Mid American Wealth Advisory Group Inc. lifted its holdings in Amazon.com by 13.1% during the fourth quarter. Mid American Wealth Advisory Group Inc. now owns 2,228 shares of the e-commerce giant’s stock worth $489,000 after acquiring an additional 258 shares during the period. HFG Wealth Management LLC lifted its holdings in Amazon.com by 19.8% during the fourth quarter. HFG Wealth Management LLC now owns 1,884 shares of the e-commerce giant’s stock worth $413,000 after acquiring an additional 311 shares during the period. Asset Allocation & Management Company LLC bought a new stake in Amazon.com during the fourth quarter worth $670,000. Finally, JTC Employer Solutions Trustee Ltd lifted its holdings in Amazon.com by 10.4% during the fourth quarter. JTC Employer Solutions Trustee Ltd now owns 71,477 shares of the e-commerce giant’s stock worth $15,811,000 after acquiring an additional 6,750 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group boosted their price objective on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Piper Sandler boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday. Finally, Raymond James boosted their target price on Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.72.

Amazon.com Stock Up 1.9 %

Shares of NASDAQ:AMZN opened at $235.01 on Thursday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $235.44. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 50.32, a P/E/G ratio of 1.26 and a beta of 1.14. The stock has a 50 day moving average price of $218.73 and a 200-day moving average price of $196.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating 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 business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

About Amazon.com

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.