Allied Investment Advisors LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Allied Investment Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,499 shares of the e-commerce giant’s stock after selling 438 shares during the period. Allied Investment Advisors LLC’s holdings in Amazon.com were worth $466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in AMZN. Garrison Point Advisors LLC grew its holdings in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. grew its holdings in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after buying an additional 56 shares during the last quarter. Stordahl Capital Management Inc. grew its holdings in shares of Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after buying an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC grew its holdings in shares of Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 57 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $197.93 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a fifty-two week low of $136.47 and a fifty-two week high of $201.20. The firm has a 50-day simple moving average of $184.82 and a 200 day simple moving average of $183.75. The company has a market cap of $2.08 trillion, a PE ratio of 47.35, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird raised their price target on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday. Telsey Advisory Group raised their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday. Finally, Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.11.

Amazon.com Profile

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.