Souders Financial Advisors lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,072 shares of the e-commerce giant’s stock after selling 568 shares during the quarter. Amazon.com accounts for 1.0% of Souders Financial Advisors’ holdings, making the stock its 26th biggest position. Souders Financial Advisors’ holdings in Amazon.com were worth $3,737,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in AMZN. Iron Horse Wealth Management LLC grew its stake in shares of Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC lifted its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the period. Knott David M Jr acquired a new stake in Amazon.com during the 2nd quarter valued at approximately $32,000. Laurel Wealth Planning LLC raised its position in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC lifted its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after acquiring an additional 342 shares during the period. Institutional investors own 57.64% of the company’s stock.
Insider Activity at Amazon.com
In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the transaction, the chief executive officer now owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the transaction, the chief executive officer now owns 564,298 shares in the company, valued at approximately $53,551,880.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the sale, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,394 shares of company stock worth $6,619,426. 12.70% of the stock is currently owned by company insiders.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the prior year, the company posted $1.39 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Piper Sandler increased their target price on shares of Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Morgan Stanley upped their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Oppenheimer lifted their target price on shares of Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. The Goldman Sachs Group cut their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Finally, MKM Partners reduced their price objective on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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