Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Realta Investment Advisors

Realta Investment Advisors decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,871 shares of the e-commerce giant’s stock after selling 53,798 shares during the quarter. Amazon.com comprises about 4.5% of Realta Investment Advisors’ portfolio, making the stock its 3rd biggest holding. Realta Investment Advisors’ holdings in Amazon.com were worth $9,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its position in Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares during the last quarter. Quent Capital LLC boosted its stake in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares during the period. BTG Pactual Global Asset Management Ltd increased its holdings in shares of Amazon.com by 225.1% during the 1st quarter. BTG Pactual Global Asset Management Ltd now owns 86,958 shares of the e-commerce giant’s stock worth $15,685,000 after acquiring an additional 60,208 shares during the last quarter. L1 Capital International Pty Ltd raised its stake in Amazon.com by 17.0% in the 1st quarter. L1 Capital International Pty Ltd now owns 89,396 shares of the e-commerce giant’s stock valued at $16,178,000 after acquiring an additional 12,979 shares during the period. Finally, Kodai Capital Management LP lifted its holdings in Amazon.com by 9.4% during the 1st quarter. Kodai Capital Management LP now owns 454,565 shares of the e-commerce giant’s stock valued at $81,994,000 after purchasing an additional 39,108 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Benchmark boosted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.98.

Amazon.com Stock Down 0.4 %

Shares of AMZN opened at $226.09 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $143.64 and a 52 week high of $230.08. The stock has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.41, a PEG ratio of 1.52 and a beta of 1.16. The stock has a fifty day moving average of $198.19 and a 200-day moving average of $188.47.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating 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 firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s 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 sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795 in the last ninety days. 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.