Amazon.com, Inc. (NASDAQ:AMZN) Stake Cut by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,248 shares of the e-commerce giant’s stock after selling 58 shares during the period. Inspirion Wealth Advisors LLC’s holdings in Amazon.com were worth $1,910,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Cambridge Advisors Inc. increased its holdings in shares of Amazon.com by 1.5% during the 1st quarter. Cambridge Advisors Inc. now owns 4,625 shares of the e-commerce giant’s stock valued at $834,000 after acquiring an additional 70 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Amazon.com by 71.5% in the 1st quarter. Kathmere Capital Management LLC now owns 8,776 shares of the e-commerce giant’s stock valued at $1,583,000 after buying an additional 3,658 shares during the last quarter. Norway Savings Bank grew its holdings in Amazon.com by 3.6% in the 1st quarter. Norway Savings Bank now owns 26,688 shares of the e-commerce giant’s stock valued at $4,814,000 after buying an additional 933 shares during the last quarter. New England Research & Management Inc. grew its holdings in Amazon.com by 5.9% in the 1st quarter. New England Research & Management Inc. now owns 9,413 shares of the e-commerce giant’s stock valued at $1,698,000 after buying an additional 525 shares during the last quarter. Finally, Silverleafe Capital Partners LLC grew its holdings in Amazon.com by 7.8% in the 1st quarter. Silverleafe Capital Partners LLC now owns 4,570 shares of the e-commerce giant’s stock valued at $824,000 after buying an additional 330 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Bank of America raised their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday. Barclays raised their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Truist Financial upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. TD Securities raised their price target on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Finally, Evercore ISI upped their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research 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’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $244.11.

Amazon.com Price Performance

Shares of AMZN stock 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 twelve month low of $136.47 and a twelve month high of $201.20. The company has a market cap of $2.08 trillion, a P/E ratio of 47.35, a P/E/G ratio of 1.46 and a beta of 1.14. The business has a fifty day simple moving average of $184.82 and a 200 day simple moving average of $183.75.

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, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the company earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

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.