Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 55,215 shares of the e-commerce giant’s stock after selling 3,180 shares during the quarter. Amazon.com makes up approximately 1.2% of Bard Financial Services Inc.’s holdings, making the stock its 19th largest holding. Bard Financial Services Inc.’s holdings in Amazon.com were worth $10,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. acquired a new stake in shares of Amazon.com during the third quarter worth $56,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com during the second quarter valued at $77,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMZN shares. Pivotal Research started coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Royal Bank of Canada lifted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Rosenblatt Securities upped their target price on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, January 10th. Finally, Susquehanna upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $245.65.

Amazon.com Stock Down 1.2 %

Shares of NASDAQ AMZN opened at $220.66 on Friday. The stock has a market cap of $2.32 trillion, a PE ratio of 47.25, a P/E/G ratio of 1.22 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $149.91 and a 12-month high of $233.00. The company has a 50-day moving average of $217.35 and a 200 day moving average of $195.93.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s 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 sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. 10.80% of the stock is owned by corporate insiders.

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.