Angeles Investment Advisors LLC Sells 744 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Angeles Investment Advisors LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,682 shares of the e-commerce giant’s stock after selling 744 shares during the quarter. Amazon.com makes up approximately 0.2% of Angeles Investment Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Angeles Investment Advisors LLC’s holdings in Amazon.com were worth $4,040,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares during the last quarter. Strategic Financial Concepts LLC increased its position in Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after acquiring an additional 3,903,889 shares during the period. Wulff Hansen & CO. raised its stake in Amazon.com by 20,517.4% during the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after purchasing an additional 3,865,485 shares during the last quarter. National Pension Service raised its stake in Amazon.com by 15.9% during the 3rd quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after purchasing an additional 2,321,786 shares during the last quarter. Finally, Granite Bay Wealth Management LLC boosted its holdings in Amazon.com by 6,590.8% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock valued at $432,394,000 after purchasing an additional 2,318,713 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Tigress Financial lifted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Telsey Advisory Group increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $225.06 on Tuesday. The stock has a market cap of $2.37 trillion, a P/E ratio of 48.19, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $205.83 and a 200 day simple moving average of $191.46.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 5.29 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.