Amazon.com, Inc. (NASDAQ:AMZN) Stake Cut by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,376 shares of the e-commerce giant’s stock after selling 472 shares during the quarter. Amazon.com comprises approximately 3.1% of Masso Torrence Wealth Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Masso Torrence Wealth Management Inc.’s holdings in Amazon.com were worth $5,660,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. NorthCrest Asset Manangement LLC grew its holdings in Amazon.com by 3.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 303,203 shares of the e-commerce giant’s stock worth $56,496,000 after purchasing an additional 9,872 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Amazon.com by 9.4% during the third quarter. Forsta AP Fonden now owns 2,494,200 shares of the e-commerce giant’s stock valued at $464,744,000 after buying an additional 213,900 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Amazon.com by 10.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,928,789 shares of the e-commerce giant’s stock valued at $732,589,000 after buying an additional 373,307 shares during the last quarter. Osborne Partners Capital Management LLC grew its holdings in shares of Amazon.com by 0.9% during the third quarter. Osborne Partners Capital Management LLC now owns 7,087 shares of the e-commerce giant’s stock valued at $1,321,000 after buying an additional 60 shares during the last quarter. Finally, Outlook Wealth Advisors LLC grew its holdings in shares of Amazon.com by 4.6% during the third quarter. Outlook Wealth Advisors LLC now owns 4,213 shares of the e-commerce giant’s stock valued at $785,000 after buying an additional 187 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were 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 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 disclosure for this sale can be found here. In the last quarter, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Pivotal Research initiated coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Moffett Nathanson boosted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Maxim Group boosted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $207.89 on Friday. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business has a 50 day simple moving average of $194.78 and a 200-day simple moving average of $186.94.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business 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 business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share 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.