Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,727 shares of the e-commerce giant’s stock after selling 1,100 shares during the period. Amazon.com accounts for approximately 0.8% of JTC Employer Solutions Trustee Ltd’s investment portfolio, making the stock its 14th largest holding. JTC Employer Solutions Trustee Ltd’s holdings in Amazon.com were worth $12,059,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com during the 1st quarter valued at $69,000. Finally, Innealta Capital LLC acquired a new position in Amazon.com during the 2nd quarter worth $77,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. The Goldman Sachs Group raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Evercore ISI raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $235.45.

Amazon.com Stock Down 0.4 %

AMZN stock opened at $201.70 on Tuesday. The firm has a market cap of $2.12 trillion, a PE ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $141.50 and a 1 year high of $215.90. The company has a fifty day simple moving average of $191.69 and a 200 day simple moving average of $185.93. 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 announced 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. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal 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.