Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 257,553 shares of the e-commerce giant’s stock after selling 5,430 shares during the quarter. Amazon.com makes up approximately 2.9% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Wilkinson Global Asset Management LLC’s holdings in Amazon.com were worth $47,990,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 64.6% in the 2nd 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 last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the 3rd quarter valued at $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com during the 3rd quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% during 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 in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.7 %

AMZN stock opened at $227.46 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20. The firm’s 50-day simple moving average is $201.65 and its 200 day simple moving average is $189.78. The stock has a market cap of $2.39 trillion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMZN shares. Bank of America lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank lifted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.87.

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.