TCTC Holdings LLC Sells 628 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TCTC Holdings LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,610 shares of the e-commerce giant’s stock after selling 628 shares during the quarter. Amazon.com comprises 1.2% of TCTC Holdings LLC’s portfolio, making the stock its 21st largest holding. TCTC Holdings LLC’s holdings in Amazon.com were worth $36,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings 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 period. Wulff Hansen & CO. raised its position in shares of Amazon.com by 20,517.4% during the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after buying an additional 3,865,485 shares during the last quarter. National Pension Service grew its position in Amazon.com by 15.9% during the third quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock worth $3,152,802,000 after buying an additional 2,321,786 shares in the last quarter. Finally, Granite Bay Wealth Management LLC raised its holdings in Amazon.com by 6,590.8% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock valued at $432,394,000 after acquiring an additional 2,318,713 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Oppenheimer raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased 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 research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $242.00.

Amazon.com Stock Down 4.6 %

NASDAQ AMZN opened at $220.52 on Thursday. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The firm has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.22, a PEG ratio of 1.54 and a beta of 1.16. 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 fifty day moving average of $204.37 and a two-hundred day moving average of $190.75.

Amazon.com (NASDAQ:AMZN) last released its 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 return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last three months. Corporate 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.