Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,517 shares of the e-commerce giant’s stock after selling 3,243 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Amazon.com were worth $4,382,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. lifted its holdings in Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares in the last quarter. Quent Capital LLC lifted its holdings in Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after buying an additional 1,081 shares in the last quarter. Vancity Investment Management Ltd lifted its holdings in Amazon.com by 3.6% in the 1st quarter. Vancity Investment Management Ltd now owns 154,826 shares of the e-commerce giant’s stock worth $27,927,000 after buying an additional 5,431 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Amazon.com by 4.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 518,529 shares of the e-commerce giant’s stock worth $93,532,000 after buying an additional 22,179 shares in the last quarter. Finally, Innova Wealth Partners lifted its holdings in Amazon.com by 40.4% in the 1st quarter. Innova Wealth Partners now owns 3,308 shares of the e-commerce giant’s stock worth $597,000 after buying an additional 952 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.5 %

Shares of NASDAQ:AMZN opened at $225.04 on Wednesday. The company has a 50 day moving average of $198.19 and a 200-day moving average of $188.47. The firm has a market cap of $2.37 trillion, a P/E ratio of 48.19, a P/E/G ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $143.64 and a twelve month high of $230.08. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company 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 business posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Redburn Atlantic upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, 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 note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $237.42.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,030,183 shares of company stock valued at $1,252,883,795 over the last ninety days. Insiders own 10.80% of the company’s stock.

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.