F M Investments LLC Sells 23,496 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

F M Investments LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,421 shares of the e-commerce giant’s stock after selling 23,496 shares during the quarter. Amazon.com comprises about 2.6% of F M Investments LLC’s portfolio, making the stock its 5th biggest holding. F M Investments LLC’s holdings in Amazon.com were worth $76,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Visionary Horizons LLC raised its position in shares of Amazon.com by 36.6% during the 3rd quarter. Visionary Horizons LLC now owns 4,356 shares of the e-commerce giant’s stock worth $812,000 after buying an additional 1,167 shares in the last quarter. Lakeside Advisors INC. increased its stake in shares of Amazon.com by 9.7% during the third quarter. Lakeside Advisors INC. now owns 2,260 shares of the e-commerce giant’s stock valued at $421,000 after acquiring an additional 200 shares during the period. Tower Wealth Partners Inc. raised its holdings in Amazon.com by 4.1% during the third quarter. Tower Wealth Partners Inc. now owns 4,657 shares of the e-commerce giant’s stock worth $868,000 after purchasing an additional 183 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Amazon.com by 13.4% in the third quarter. Farther Finance Advisors LLC now owns 150,089 shares of the e-commerce giant’s stock worth $27,967,000 after purchasing an additional 17,758 shares during the period. Finally, Dash Acquisitions Inc. boosted its stake in Amazon.com by 4.7% during the 3rd quarter. Dash Acquisitions Inc. now owns 166,354 shares of the e-commerce giant’s stock valued at $31,246,000 after purchasing an additional 7,542 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMZN shares. Loop Capital boosted their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Sanford C. Bernstein increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective 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 investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Trading Up 2.9 %

Shares of AMZN opened at $227.03 on Monday. The stock’s 50-day moving average price is $197.39 and its 200 day moving average price is $188.15. 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 firm has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $143.64 and a 12-month high of $227.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Amazon.com’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,030,183 shares of company stock worth $1,252,883,795. Company insiders own 10.80% of the company’s stock.

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.