Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by World Equity Group Inc.

World Equity Group Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 24.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,775 shares of the e-commerce giant’s stock after selling 9,525 shares during the quarter. Amazon.com accounts for 2.0% of World Equity Group Inc.’s holdings, making the stock its 8th biggest holding. World Equity Group Inc.’s holdings in Amazon.com were worth $5,548,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at $45,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com in the third quarter worth $56,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMZN shares. Susquehanna raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Redburn Atlantic lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Benchmark upped their target price on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Maxim Group lifted their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group boosted their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $237.98.

Amazon.com Stock Down 0.6 %

Shares of NASDAQ AMZN opened at $228.97 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.41 trillion, a PE ratio of 49.03, a P/E/G ratio of 1.52 and a beta of 1.16. The company’s fifty day simple moving average is $199.89 and its 200 day simple moving average is $189.07. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $231.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Amazon.com Company 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.