Freedom Day Solutions LLC Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Freedom Day Solutions LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,475 shares of the e-commerce giant’s stock after selling 203 shares during the period. Amazon.com accounts for 1.5% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 9th largest holding. Freedom Day Solutions LLC’s holdings in Amazon.com were worth $4,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Capital Research Global Investors increased its position in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Legal & General Group Plc raised its holdings in Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the period. Bank of New York Mellon Corp lifted its position in Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after buying an additional 289,532 shares during the last quarter. Finally, Capital International Investors boosted its stake in Amazon.com by 7.4% during the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after buying an additional 2,932,192 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Wedbush increased their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Sanford C. Bernstein increased their price target on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Trading Down 1.0 %

NASDAQ:AMZN opened at $205.74 on Friday. 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 firm has a fifty day simple moving average of $194.46 and a 200-day simple moving average of $186.79. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a market capitalization of $2.16 trillion, a P/E ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14.

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, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate 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.