Busey Wealth Management Sells 497 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Busey Wealth Management decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 458,236 shares of the e-commerce giant’s stock after selling 497 shares during the period. Amazon.com accounts for about 2.6% of Busey Wealth Management’s holdings, making the stock its 6th largest position. Busey Wealth Management’s holdings in Amazon.com were worth $51,780,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bridgefront Capital LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $228,000. Krane Funds Advisors LLC grew its holdings in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $258,000. My Personal CFO LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at approximately $191,000. 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 business’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 in the company, valued at approximately $11,505,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 15,240 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 transaction of $1,432,560.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $4,606,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last three months, insiders sold 52,948 shares of company stock worth $5,135,922. 12.70% of the stock is owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $98.12 on Friday. The firm has a market capitalization of $1.00 trillion, a P/E ratio of 90.06, a PEG ratio of 3.03 and a beta of 1.22. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The business has a 50-day moving average of $90.39 and a 200-day moving average of $110.73. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm posted $0.31 earnings per share. Amazon.com’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 0.69 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMZN shares. Barclays decreased their price objective on Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Wells Fargo & Company decreased their price objective on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. StockNews.com started coverage on Amazon.com in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Benchmark decreased their price objective on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.29.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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