Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by FSA Advisors Inc.

FSA Advisors Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 14.4% during the third quarter, Holdings Channel.com reports. The fund owned 2,305 shares of the e-commerce giant’s stock after selling 389 shares during the quarter. FSA Advisors Inc.’s holdings in Amazon.com were worth $438,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the third quarter worth about $45,000. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMZN shares. The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Moffett Nathanson boosted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company restated an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Trading Up 1.4 %

NASDAQ:AMZN opened at $210.71 on Tuesday. The stock has a market cap of $2.22 trillion, a price-to-earnings ratio of 45.12, a PEG ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The business has a fifty day moving average of $194.78 and a 200-day moving average of $186.94.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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. 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%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Equities analysts predict 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.