Affinity Capital Advisors LLC Sells 118 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Affinity Capital Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the third quarter, Holdings Channel.com reports. The fund owned 10,655 shares of the e-commerce giant’s stock after selling 118 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Amazon.com were worth $1,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Capital Research Global Investors increased its holdings in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Legal & General Group Plc increased its holdings in shares of Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after acquiring an additional 1,042,177 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after acquiring an additional 289,532 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after acquiring an additional 295,132 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Telsey Advisory Group lifted their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday. Loop Capital raised their price objective on Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday. Scotiabank raised their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday. Finally, Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $246.02.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $197.93 on Monday. The stock has a 50-day moving average of $184.82 and a 200 day moving average of $183.77. Amazon.com, Inc. has a twelve month low of $136.47 and a twelve month high of $201.20. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 42.38, a PEG ratio of 1.42 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

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.