Oliver Luxxe Assets LLC Sells 6,485 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Oliver Luxxe Assets LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 33,986 shares of the e-commerce giant’s stock after selling 6,485 shares during the quarter. Amazon.com comprises 1.1% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 20th biggest position. Oliver Luxxe Assets LLC’s holdings in Amazon.com were worth $6,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Orca Investment Management LLC boosted its holdings in Amazon.com by 6.1% in the 3rd quarter. Orca Investment Management LLC now owns 8,071 shares of the e-commerce giant’s stock valued at $1,504,000 after purchasing an additional 461 shares during the period. Woodstock Corp raised its position in shares of Amazon.com by 6.2% in the third quarter. Woodstock Corp now owns 27,387 shares of the e-commerce giant’s stock valued at $5,103,000 after buying an additional 1,602 shares in the last quarter. Smith Chas P & Associates PA Cpas boosted its stake in shares of Amazon.com by 0.5% in the third quarter. Smith Chas P & Associates PA Cpas now owns 24,793 shares of the e-commerce giant’s stock valued at $4,620,000 after buying an additional 116 shares during the period. Capricorn Fund Managers Ltd grew its position in Amazon.com by 12.0% during the third quarter. Capricorn Fund Managers Ltd now owns 21,714 shares of the e-commerce giant’s stock worth $4,046,000 after buying an additional 2,330 shares in the last quarter. Finally, High Net Worth Advisory Group LLC increased its stake in Amazon.com by 7.3% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 28,875 shares of the e-commerce giant’s stock worth $5,380,000 after acquiring an additional 1,974 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,859 shares of company stock valued at $10,215,097. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $206.84 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The business has a 50-day moving average price of $187.83 and a 200-day moving average price of $184.71. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 44.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMZN. Pivotal Research began coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research report on Friday, November 1st. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company downgraded Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $225.00 to $183.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

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.