PSI Advisors LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

PSI Advisors LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the third quarter, Holdings Channel.com reports. The fund owned 18,236 shares of the e-commerce giant’s stock after selling 406 shares during the period. Amazon.com accounts for about 1.0% of PSI Advisors LLC’s investment portfolio, making the stock its 24th biggest position. PSI Advisors LLC’s holdings in Amazon.com were worth $3,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Amazon.com by 2.2% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 27,710 shares of the e-commerce giant’s stock valued at $5,163,000 after purchasing an additional 606 shares in the last quarter. Grassi Investment Management grew its holdings in shares of Amazon.com by 3.0% in the third quarter. Grassi Investment Management now owns 72,525 shares of the e-commerce giant’s stock valued at $13,514,000 after purchasing an additional 2,140 shares in the last quarter. Greystone Financial Group LLC grew its holdings in shares of Amazon.com by 16.0% in the third quarter. Greystone Financial Group LLC now owns 14,785 shares of the e-commerce giant’s stock valued at $2,755,000 after purchasing an additional 2,034 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in shares of Amazon.com by 1.4% in the third quarter. Beese Fulmer Investment Management Inc. now owns 176,250 shares of the e-commerce giant’s stock valued at $32,841,000 after purchasing an additional 2,513 shares in the last quarter. Finally, Global Assets Advisory LLC grew its holdings in shares of Amazon.com by 6.3% in the third quarter. Global Assets Advisory LLC now owns 38,693 shares of the e-commerce giant’s stock valued at $7,163,000 after purchasing an additional 2,285 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. 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 the firm’s 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 sale, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Wedbush boosted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Loop Capital boosted their price target on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Barclays boosted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Stock Performance

Shares of AMZN opened at $205.74 on Thursday. The company has a 50-day simple moving average of $194.14 and a 200-day simple moving average of $186.66. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.16 trillion, a PE ratio of 44.06, a P/E/G ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.