BCS Wealth Management Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

BCS Wealth Management lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,633 shares of the e-commerce giant’s stock after selling 961 shares during the period. BCS Wealth Management’s holdings in Amazon.com were worth $1,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.9% in the first 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. Swedbank AB purchased a new stake in Amazon.com in the first quarter valued at $2,239,757,000. Capital World Investors lifted its stake in shares of Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares during the last quarter. Capital Research Global Investors grew its holdings 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 worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in shares of Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $202.61 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $215.90. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a P/E/G ratio of 1.36 and a beta of 1.14. The company’s fifty day moving average price is $191.16 and its 200 day moving average price is $185.81.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Maxim Group upped their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Oppenheimer lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Rosenblatt Securities upped their price target on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Roth Mkm lifted their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is owned by insiders.

Amazon.com 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.