Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Monte Financial Group LLC

Monte Financial Group LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,632 shares of the e-commerce giant’s stock after selling 67 shares during the period. Monte Financial Group LLC’s holdings in Amazon.com were worth $304,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fulcrum Capital LLC boosted its stake in Amazon.com by 10.7% in the 3rd quarter. Fulcrum Capital LLC now owns 100,157 shares of the e-commerce giant’s stock worth $18,662,000 after purchasing an additional 9,677 shares in the last quarter. Wallington Asset Management LLC raised its holdings in shares of Amazon.com by 8.6% in the third quarter. Wallington Asset Management LLC now owns 92,382 shares of the e-commerce giant’s stock worth $17,214,000 after buying an additional 7,345 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Amazon.com by 4.0% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 165,534 shares of the e-commerce giant’s stock worth $30,844,000 after buying an additional 6,354 shares during the period. Sterling Investment Counsel LLC grew its holdings in shares of Amazon.com by 7.9% during the third quarter. Sterling Investment Counsel LLC now owns 27,292 shares of the e-commerce giant’s stock valued at $5,085,000 after buying an additional 1,999 shares during the last quarter. Finally, BetterWealth LLC increased its position in shares of Amazon.com by 0.8% in the 3rd quarter. BetterWealth LLC now owns 7,192 shares of the e-commerce giant’s stock valued at $1,340,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target for the company. in a research report on Friday, August 2nd. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. 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. Maxim Group raised their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets restated an “outperform” rating and set a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Two equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Stock Up 3.2 %

NASDAQ AMZN opened at $207.86 on Wednesday. The business has a fifty day moving average price of $193.75 and a 200 day moving average price of $186.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.19 trillion, a P/E ratio of 44.51, a P/E/G ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

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.