Ferguson Wellman Capital Management Inc. Sells 38,171 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ferguson Wellman Capital Management Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,375 shares of the e-commerce giant's stock after selling 38,171 shares during the period. Amazon.com makes up approximately 2.1% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 10th biggest holding. Ferguson Wellman Capital Management Inc.'s holdings in Amazon.com were worth $101,247,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% during the 2nd 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 purchased a new stake in shares of Amazon.com during the third quarter valued at $37,000. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the 1st quarter worth about $69,000. Finally, Innealta Capital LLC purchased a new position in shares of Amazon.com during the second quarter worth approximately $77,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $3.64 during trading on Wednesday, hitting $200.97. The company had a trading volume of 17,730,260 shares, compared to its average volume of 41,455,887. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 43.07, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The stock has a fifty day simple moving average of $192.19 and a two-hundred day simple moving average of $186.06. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly 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. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on AMZN shares. Wells Fargo & Company restated an "equal weight" rating and set a $197.00 price objective on shares of Amazon.com in a report on Wednesday. Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Morgan Stanley increased their target price on Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities raised their price objective on Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $235.77.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This represents a 4.73 % 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 owned by 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.