McCollum Christoferson Group LLC Sells 213 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

McCollum Christoferson Group LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,912 shares of the e-commerce giant’s stock after selling 213 shares during the quarter. Amazon.com comprises 3.0% of McCollum Christoferson Group LLC’s investment portfolio, making the stock its 11th biggest position. McCollum Christoferson Group LLC’s holdings in Amazon.com were worth $10,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tamar Securities LLC lifted its position in shares of Amazon.com by 12.9% during the third quarter. Tamar Securities LLC now owns 179,980 shares of the e-commerce giant’s stock worth $33,536,000 after acquiring an additional 20,610 shares in the last quarter. FLC Capital Advisors raised its stake in shares of Amazon.com by 1.2% during the 3rd quarter. FLC Capital Advisors now owns 29,521 shares of the e-commerce giant’s stock valued at $5,501,000 after purchasing an additional 345 shares during the period. Horizon Wealth Management LLC lifted its holdings in Amazon.com by 1.2% during the 3rd quarter. Horizon Wealth Management LLC now owns 15,862 shares of the e-commerce giant’s stock worth $2,956,000 after purchasing an additional 190 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Amazon.com by 2.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 81,996 shares of the e-commerce giant’s stock worth $15,278,000 after purchasing an additional 1,760 shares during the period. Finally, Culbertson A N & Co. Inc. grew its holdings in Amazon.com by 4.1% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 27,162 shares of the e-commerce giant’s stock valued at $5,061,000 after buying an additional 1,060 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Itau BBA Securities lowered 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 report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Morgan Stanley boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Maxim Group lifted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Piper Sandler raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $235.45.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $202.61 on Friday. The company has a market cap of $2.13 trillion, a PE ratio of 43.39, a P/E/G ratio of 1.44 and a beta of 1.14. The business has a 50 day moving average of $190.54 and a 200 day moving average of $185.54. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.90. 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the company posted $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.27 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.