Amazon.com, Inc. (NASDAQ:AMZN) is Cross Staff Investments Inc’s 4th Largest Position

Cross Staff Investments Inc reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,274 shares of the e-commerce giant’s stock after selling 725 shares during the period. Amazon.com makes up 3.6% of Cross Staff Investments Inc’s portfolio, making the stock its 4th largest holding. Cross Staff Investments Inc’s holdings in Amazon.com were worth $4,709,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bull Oak Capital LLC purchased a new position in Amazon.com in the third quarter worth about $45,000. Chico Wealth RIA boosted its holdings in shares of Amazon.com by 2.7% in the 3rd quarter. Chico Wealth RIA now owns 2,247 shares of the e-commerce giant’s stock worth $419,000 after purchasing an additional 60 shares during the period. West Michigan Advisors LLC boosted its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. West Michigan Advisors LLC now owns 18,147 shares of the e-commerce giant’s stock worth $3,381,000 after purchasing an additional 80 shares during the period. Harbour Trust & Investment Management Co increased its position in shares of Amazon.com by 176.9% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 38,470 shares of the e-commerce giant’s stock valued at $7,168,000 after purchasing an additional 24,576 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. raised its holdings in Amazon.com by 0.3% during the 3rd quarter. Schmidt P J Investment Management Inc. now owns 76,961 shares of the e-commerce giant’s stock valued at $14,340,000 after buying an additional 229 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.0 %

Shares of AMZN stock opened at $205.74 on Friday. The stock’s fifty day moving average price is $194.46 and its 200 day moving average price is $186.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. On average, research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC lifted their price target on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their target price on Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $236.20.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is currently owned by insiders.

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.