Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,220,128 shares of the e-commerce giant's stock after selling 504,911 shares during the quarter. Amazon.com comprises approximately 1.5% of Allspring Global Investments Holdings LLC's holdings, making the stock its 4th largest holding. Allspring Global Investments Holdings LLC owned 0.05% of Amazon.com worth $972,667,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Garrison Point Advisors LLC boosted its position in Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant's stock valued at $3,675,000 after buying an additional 55 shares during the period. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock valued at $594,000 after acquiring an additional 55 shares during the period. O Connor Financial Group LLC grew its position in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock worth $473,000 after acquiring an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC increased its stake in Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after purchasing an additional 55 shares during the period. Finally, O Dell Group LLC grew its holdings in shares of Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant's stock worth $2,460,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN traded down $1.23 during mid-day trading on Friday, hitting $197.15. 7,491,490 shares of the stock were exchanged, compared to its average volume of 41,448,922. The firm has a 50-day moving average of $192.79 and a two-hundred day moving average of $186.26. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.07 trillion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Susquehanna upped their price target 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. The Goldman Sachs Group lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Cantor Fitzgerald restated an "overweight" rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Itau BBA Securities cut shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Two 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 company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $235.77.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm's 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 owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is currently owned by company 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.