M Holdings Securities Inc. Sells 29,141 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

M Holdings Securities Inc. lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 32.3% in the third quarter, HoldingsChannel.com reports. The fund owned 61,197 shares of the e-commerce giant’s stock after selling 29,141 shares during the quarter. Amazon.com comprises about 2.9% of M Holdings Securities Inc.’s investment portfolio, making the stock its 7th biggest holding. M Holdings Securities Inc.’s holdings in Amazon.com were worth $11,403,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Solitude Financial Services lifted its holdings in Amazon.com by 56.8% in the 2nd quarter. Solitude Financial Services now owns 2,762 shares of the e-commerce giant’s stock valued at $534,000 after purchasing an additional 1,000 shares in the last quarter. MBL Wealth LLC lifted its stake in shares of Amazon.com by 6.3% during the second quarter. MBL Wealth LLC now owns 22,515 shares of the e-commerce giant’s stock valued at $4,351,000 after buying an additional 1,337 shares during the period. Hedeker Wealth LLC grew its stake in Amazon.com by 0.7% in the 2nd quarter. Hedeker Wealth LLC now owns 71,230 shares of the e-commerce giant’s stock worth $13,765,000 after acquiring an additional 489 shares during the period. Signet Investment Advisory Group Inc. raised its holdings in Amazon.com by 0.6% in the 2nd quarter. Signet Investment Advisory Group Inc. now owns 14,521 shares of the e-commerce giant’s stock valued at $2,806,000 after acquiring an additional 85 shares during the last quarter. Finally, Marshall Financial Group LLC lifted its stake in shares of Amazon.com by 1.8% during the 2nd quarter. Marshall Financial Group LLC now owns 7,098 shares of the e-commerce giant’s stock worth $1,372,000 after purchasing an additional 125 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, 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. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AMZN shares. TD Cowen lifted their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a research note on Wednesday, November 20th. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Wedbush lifted their target price on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.44.

Amazon.com Trading Up 1.8 %

Amazon.com stock opened at $224.19 on Friday. The firm’s 50-day moving average is $212.34 and its 200-day moving average is $193.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company has a market cap of $2.36 trillion, a P/E ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16.

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

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.