Deseret Mutual Benefit Administrators Sells 409 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Deseret Mutual Benefit Administrators cut its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,923 shares of the e-commerce giant’s stock after selling 409 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Amazon.com were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Fi3 FINANCIAL ADVISORS LLC raised its stake in shares of Amazon.com by 9.3% in the 3rd quarter. Fi3 FINANCIAL ADVISORS LLC now owns 13,248 shares of the e-commerce giant’s stock valued at $1,684,000 after buying an additional 1,130 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Amazon.com by 51.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 18,768 shares of the e-commerce giant’s stock worth $2,386,000 after purchasing an additional 6,380 shares in the last quarter. White Pine Capital LLC increased its position in shares of Amazon.com by 1.8% during the 3rd quarter. White Pine Capital LLC now owns 25,876 shares of the e-commerce giant’s stock worth $3,289,000 after purchasing an additional 456 shares in the last quarter. Rational Advisors LLC increased its position in shares of Amazon.com by 54.7% during the 3rd quarter. Rational Advisors LLC now owns 55,742 shares of the e-commerce giant’s stock worth $7,086,000 after purchasing an additional 19,707 shares in the last quarter. Finally, Ruggaard & Associates LLC increased its position in shares of Amazon.com by 14.5% during the 3rd quarter. Ruggaard & Associates LLC now owns 5,190 shares of the e-commerce giant’s stock worth $660,000 after purchasing an additional 659 shares in the last quarter. 57.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Barclays increased their target price on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. UBS Group raised their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler raised their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Oppenheimer raised their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $197.95.

Check Out Our Latest Stock Report on Amazon.com

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the completion of the sale, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The disclosure for this sale can be found here. Insiders sold a total of 32,155,454 shares of company stock valued at $5,495,283,506 over the last ninety days. 12.30% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN opened at $178.22 on Friday. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 61.46, a PEG ratio of 1.55 and a beta of 1.17. Amazon.com, Inc. has a 1-year low of $88.12 and a 1-year high of $178.73. The company’s fifty day simple moving average is $161.32 and its 200 day simple moving average is $146.09. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 4.06 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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