Future Financial Wealth Managment LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Future Financial Wealth Managment LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the third quarter, HoldingsChannel.com reports. The firm owned 6,129 shares of the e-commerce giant’s stock after selling 211 shares during the quarter. Amazon.com makes up about 0.8% of Future Financial Wealth Managment LLC’s holdings, making the stock its 29th biggest holding. Future Financial Wealth Managment LLC’s holdings in Amazon.com were worth $1,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gill Capital Partners LLC increased its stake in Amazon.com by 21.3% in the third quarter. Gill Capital Partners LLC now owns 8,931 shares of the e-commerce giant’s stock worth $1,664,000 after purchasing an additional 1,567 shares during the period. StoneCrest Wealth Management Inc. increased its stake in shares of Amazon.com by 0.4% during the third quarter. StoneCrest Wealth Management Inc. now owns 30,281 shares of the e-commerce giant’s stock valued at $5,642,000 after buying an additional 113 shares during the period. Sovereign Financial Group Inc. increased its stake in shares of Amazon.com by 4.2% during the third quarter. Sovereign Financial Group Inc. now owns 19,100 shares of the e-commerce giant’s stock valued at $3,559,000 after buying an additional 774 shares during the period. Strategic Wealth Partners Ltd. increased its stake in shares of Amazon.com by 11.4% during the third quarter. Strategic Wealth Partners Ltd. now owns 65,687 shares of the e-commerce giant’s stock valued at $12,239,000 after buying an additional 6,712 shares during the period. Finally, Hoxton Planning & Management LLC increased its stake in shares of Amazon.com by 0.9% during the third quarter. Hoxton Planning & Management LLC now owns 11,219 shares of the e-commerce giant’s stock valued at $2,090,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Monness Crespi & Hardt raised their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group raised their price target on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Loop Capital raised their price target on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley raised their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.48.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com 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 directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade 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 can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade 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 can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,859 shares of company stock worth $10,215,097. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Up 1.9 %

Amazon.com stock opened at $199.50 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $138.36 and a 52 week high of $201.20. The company has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 42.72, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The stock has a 50-day moving average price of $185.75 and a 200 day moving average price of $184.07.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during 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 company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.98 EPS for the current 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.