Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Great Diamond Partners LLC

Great Diamond Partners LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,607 shares of the e-commerce giant’s stock after selling 3,657 shares during the period. Great Diamond Partners LLC’s holdings in Amazon.com were worth $2,908,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. WD Rutherford LLC grew its stake in Amazon.com by 5.4% in the 3rd quarter. WD Rutherford LLC now owns 29,725 shares of the e-commerce giant’s stock valued at $5,539,000 after buying an additional 1,514 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV grew its stake in shares of Amazon.com by 1.7% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 11,630 shares of the e-commerce giant’s stock worth $2,167,000 after acquiring an additional 192 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its stake in Amazon.com by 3.2% during the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 208,050 shares of the e-commerce giant’s stock valued at $38,766,000 after purchasing an additional 6,481 shares during the last quarter. Childress Capital Advisors LLC grew its position in Amazon.com by 2.6% in the 3rd quarter. Childress Capital Advisors LLC now owns 31,061 shares of the e-commerce giant’s stock worth $5,788,000 after purchasing an additional 788 shares during the last quarter. Finally, Highview Capital Management LLC DE raised its position in shares of Amazon.com by 5.3% during the third quarter. Highview Capital Management LLC DE now owns 27,457 shares of the e-commerce giant’s stock valued at $5,116,000 after buying an additional 1,389 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ:AMZN opened at $220.55 on Friday. Amazon.com, Inc. has a 52 week low of $143.64 and a 52 week high of $222.15. The company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.23, a PEG ratio of 1.43 and a beta of 1.16. The company has a 50-day moving average of $196.61 and a 200-day moving average of $187.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,030,183 shares of company stock worth $1,252,883,795. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities increased their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Maxim Group lifted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday. Finally, Morgan Stanley lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. 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’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $236.20.

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.