Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 700,016 shares of the e-commerce giant’s stock after selling 13,489 shares during the quarter. Amazon.com makes up approximately 5.7% of Silvant Capital Management LLC’s holdings, making the stock its 4th largest holding. Silvant Capital Management LLC’s holdings in Amazon.com were worth $130,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Meridian Investment Counsel Inc. raised its stake in Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares during the period. O Connor Financial Group LLC increased its holdings in shares of Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after buying an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC raised its position in shares of Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after buying an additional 55 shares during the period. Mason & Associates Inc boosted its holdings in Amazon.com by 0.4% in the second quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant’s stock valued at $2,595,000 after acquiring an additional 57 shares during the last quarter. Finally, West Wealth Group LLC boosted its holdings in Amazon.com by 0.4% in the second quarter. West Wealth Group LLC now owns 13,144 shares of the e-commerce giant’s stock valued at $2,540,000 after acquiring an additional 57 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Rosenblatt Securities raised their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Bank of America boosted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Truist Financial increased their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Loop Capital lifted their target price on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Stock Performance

Amazon.com stock opened at $227.03 on Monday. Amazon.com, Inc. has a fifty-two week low of $143.64 and a fifty-two week high of $227.15. The firm’s 50 day simple moving average is $197.39 and its 200-day simple moving average is $188.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.39 trillion, a P/E ratio of 48.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16.

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

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.