Patron Partners LLC Sells 487 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Patron Partners LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the third quarter, Holdings Channel reports. The institutional investor owned 29,013 shares of the e-commerce giant’s stock after selling 487 shares during the period. Amazon.com makes up 3.0% of Patron Partners LLC’s holdings, making the stock its 5th largest holding. Patron Partners LLC’s holdings in Amazon.com were worth $5,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. WealthPlan Investment Management LLC lifted its stake in shares of Amazon.com by 44.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 68,071 shares of the e-commerce giant’s stock valued at $12,684,000 after purchasing an additional 20,881 shares during the period. First National Trust Co grew its holdings in shares of Amazon.com by 0.5% in the third quarter. First National Trust Co now owns 250,868 shares of the e-commerce giant’s stock valued at $46,744,000 after acquiring an additional 1,269 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Amazon.com by 135.0% during the 3rd quarter. GSA Capital Partners LLP now owns 30,087 shares of the e-commerce giant’s stock valued at $5,606,000 after acquiring an additional 17,285 shares during the period. Waverton Investment Management Ltd boosted its position in Amazon.com by 2.8% during the third quarter. Waverton Investment Management Ltd now owns 1,588,715 shares of the e-commerce giant’s stock worth $296,001,000 after purchasing an additional 42,934 shares during the period. Finally, Harbour Investments Inc. boosted its stake in Amazon.com by 3.1% in the 3rd quarter. Harbour Investments Inc. now owns 125,878 shares of the e-commerce giant’s stock worth $23,455,000 after purchasing an additional 3,774 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at $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 available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.7 %

AMZN stock opened at $224.92 on Monday. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a fifty day moving average of $205.83 and a 200-day moving average of $191.38. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00.

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

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.