Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by My Personal CFO LLC

My Personal CFO LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 34.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,605 shares of the e-commerce giant’s stock after selling 1,924 shares during the period. My Personal CFO LLC’s holdings in Amazon.com were worth $672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com in the third quarter valued at $37,000. Christopher J. Hasenberg Inc raised its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the first quarter valued at about $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated 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 sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMZN shares. The Goldman Sachs Group upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. TD Cowen increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Maxim Group increased their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $235.77.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $197.12 on Monday. 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, Inc. has a one year low of $142.81 and a one year high of $215.90. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The business’s 50 day simple moving average is $193.00 and its two-hundred day simple moving average is $186.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current 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.