Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 3rd quarter, Holdings Channel reports. The firm owned 5,817 shares of the e-commerce giant’s stock after selling 131 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Amazon.com were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. BayBridge Capital Group LLC lifted its stake in shares of Amazon.com by 51.8% during the third quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant’s stock worth $2,677,000 after buying an additional 4,905 shares during the period. Pettinga Financial Advisors LLC lifted its position in Amazon.com by 4.3% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock worth $1,027,000 after acquiring an additional 225 shares during the period. Massachusetts Wealth Management grew its stake in Amazon.com by 100.6% during the 3rd quarter. Massachusetts Wealth Management now owns 7,978 shares of the e-commerce giant’s stock valued at $1,487,000 after purchasing an additional 4,001 shares during the last quarter. Mediolanum International Funds Ltd increased its holdings in shares of Amazon.com by 31.0% in the third quarter. Mediolanum International Funds Ltd now owns 744,936 shares of the e-commerce giant’s stock valued at $139,794,000 after purchasing an additional 176,127 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its stake in shares of Amazon.com by 1.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 8,980 shares of the e-commerce giant’s stock worth $1,673,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Sanford C. Bernstein increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. The Goldman Sachs Group raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Stock Up 1.0 %

Shares of AMZN opened at $207.89 on Friday. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The company has a market capitalization of $2.19 trillion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The stock has a fifty day simple moving average of $194.78 and a two-hundred day simple moving average of $186.94. 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 (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock valued at $1,252,148,795 in the last three months. 10.80% of the stock is currently owned by insiders.

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.