AAFMAA Wealth Management & Trust LLC Sells 18,923 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

AAFMAA Wealth Management & Trust LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 50.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,712 shares of the e-commerce giant's stock after selling 18,923 shares during the period. Amazon.com makes up approximately 1.5% of AAFMAA Wealth Management & Trust LLC's investment portfolio, making the stock its 16th largest position. AAFMAA Wealth Management & Trust LLC's holdings in Amazon.com were worth $3,487,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AMZN. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Swedbank AB acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $2,239,757,000. Capital World Investors raised its position in shares of Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock valued at $5,295,899,000 after buying an additional 11,524,463 shares in the last quarter. Capital Research Global Investors raised its position in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of Amazon.com by 13,606.7% in the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after buying an additional 3,903,889 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 1.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares of the company's stock, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock worth $1,256,503,289 in the last quarter. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Susquehanna boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, DA Davidson restated a "buy" rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $235.45.

Amazon.com Stock Down 4.2 %

Shares of AMZN traded down $8.87 on Friday, reaching $202.61. The company's stock had a trading volume of 86,591,144 shares, compared to its average volume of 41,630,348. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The stock has a market capitalization of $2.13 trillion, a PE ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. The firm has a fifty day moving average of $191.16 and a 200-day moving average of $185.69.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 analyst estimates of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm's revenue was up 11.0% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current 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.