Allspring Global Investments Holdings LLC Sells 55,831 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Allspring Global Investments Holdings LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,577,775 shares of the e-commerce giant’s stock after selling 55,831 shares during the period. Amazon.com comprises 1.9% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 2nd biggest holding. Allspring Global Investments Holdings LLC’s holdings in Amazon.com were worth $1,082,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Blue Barn Wealth LLC increased its stake in Amazon.com by 15.7% in the 3rd quarter. Blue Barn Wealth LLC now owns 8,337 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 1,134 shares during the last quarter. Fishman Jay A Ltd. MI increased its stake in Amazon.com by 2.8% in the 3rd quarter. Fishman Jay A Ltd. MI now owns 421,605 shares of the e-commerce giant’s stock valued at $47,641,000 after buying an additional 11,425 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Amazon.com by 30.6% during the 3rd quarter. Ballentine Partners LLC now owns 80,711 shares of the e-commerce giant’s stock valued at $9,120,000 after acquiring an additional 18,923 shares during the period. Hixon Zuercher LLC grew its position in shares of Amazon.com by 4.2% during the 3rd quarter. Hixon Zuercher LLC now owns 41,760 shares of the e-commerce giant’s stock valued at $4,719,000 after acquiring an additional 1,684 shares during the period. Finally, Libra Wealth LLC grew its position in shares of Amazon.com by 5.9% during the 3rd quarter. Libra Wealth LLC now owns 7,500 shares of the e-commerce giant’s stock valued at $848,000 after acquiring an additional 420 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the sale, the chief executive officer now owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 over the last three months. 12.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Mizuho cut their price objective on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a report on Friday, October 28th. UBS Group lowered their target price on shares of Amazon.com from $165.00 to $125.00 in a research note on Wednesday, January 4th. Cowen lowered their target price on shares of Amazon.com from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 11th. Rosenblatt Securities decreased their target price on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday, November 14th. Finally, Morgan Stanley cut their price target on shares of Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.87.

Amazon.com Stock Up 3.8 %

Shares of NASDAQ:AMZN opened at $97.25 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The firm has a market capitalization of $992.11 billion, a PE ratio of 89.26, a price-to-earnings-growth ratio of 3.09 and a beta of 1.22. The firm’s 50-day moving average is $90.72 and its two-hundred day moving average is $110.26. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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