RBA Wealth Management LLC Sells 146 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RBA Wealth Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the third quarter, HoldingsChannel.com reports. The firm owned 6,512 shares of the e-commerce giant’s stock after selling 146 shares during the quarter. RBA Wealth Management LLC’s holdings in Amazon.com were worth $1,213,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Garrison Point Advisors LLC boosted its stake in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. lifted its stake in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares in the last quarter. O Connor Financial Group LLC raised its holdings in Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 55 shares during the period. Cherrydale Wealth Management LLC increased its holdings in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares during the last quarter. Finally, O Dell Group LLC increased its holdings in shares of Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock worth $2,460,000 after purchasing an additional 57 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 0.6 %

Shares of NASDAQ AMZN opened at $197.12 on Monday. The company has a 50 day simple moving average of $193.00 and a 200-day simple moving average of $186.29. The company has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. 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 1 year low of $142.81 and a 1 year high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 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% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction 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 approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. Maxim Group lifted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC upped their price target on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JMP Securities upped their target price on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Finally, Benchmark upped their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $235.77.

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.