Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lowered by Affiance Financial LLC

Affiance Financial LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,571 shares of the e-commerce giant’s stock after selling 883 shares during the quarter. Amazon.com accounts for 0.7% of Affiance Financial LLC’s holdings, making the stock its 23rd biggest position. Affiance Financial LLC’s holdings in Amazon.com were worth $1,308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. State Street Corp raised its holdings in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC raised its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after purchasing an additional 57,043,701 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP David Zapolsky sold 8,380 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $787,720.00. Following the transaction, the senior vice president now directly owns 76,980 shares in the company, valued at $7,236,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,428 shares of company stock worth $5,077,578. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMZN. Truist Financial dropped their target price on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Moffett Nathanson began coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 target price on the stock. Robert W. Baird dropped their target price on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Evercore ISI dropped their target price on shares of Amazon.com from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, December 19th. Finally, Mizuho dropped their target price on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $145.87.

Amazon.com Stock Performance

Shares of AMZN opened at $97.52 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company’s fifty day moving average price is $90.70 and its 200 day moving average price is $110.10. The company has a market capitalization of $994.87 billion, a PE ratio of 89.51, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last posted 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). The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Amazon.com Company 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.

Further Reading

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

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