Whetstone Capital Advisors LLC Has $17.42 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Whetstone Capital Advisors LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, Holdings Channel reports. The firm owned 93,509 shares of the e-commerce giant’s stock after selling 639 shares during the quarter. Amazon.com accounts for 8.4% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Whetstone Capital Advisors LLC’s holdings in Amazon.com were worth $17,424,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Truvestments Capital LLC raised its position in Amazon.com by 19.4% during the 3rd quarter. Truvestments Capital LLC now owns 7,435 shares of the e-commerce giant’s stock worth $1,385,000 after purchasing an additional 1,210 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Amazon.com by 2.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 20,661,134 shares of the e-commerce giant’s stock worth $3,849,789,000 after purchasing an additional 503,644 shares during the last quarter. Concentric Wealth Management LLC raised its position in Amazon.com by 3.4% during the 3rd quarter. Concentric Wealth Management LLC now owns 12,266 shares of the e-commerce giant’s stock worth $2,286,000 after purchasing an additional 402 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in Amazon.com by 25.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 367,604 shares of the e-commerce giant’s stock worth $68,485,000 after purchasing an additional 73,696 shares during the last quarter. Finally, Davis R M Inc. raised its position in Amazon.com by 2.7% during the 3rd quarter. Davis R M Inc. now owns 599,989 shares of the e-commerce giant’s stock worth $111,796,000 after purchasing an additional 15,879 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $224.19 on Monday. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company’s 50 day moving average price is $213.07 and its two-hundred day moving average price is $194.21. 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 stock has a market cap of $2.36 trillion, a P/E ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMZN shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Wolfe Research lifted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday. Monness Crespi & Hardt lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Finally, Robert W. Baird lifted their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. 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 company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.44.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

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.