Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,241 shares of the e-commerce giant's stock after selling 1,550 shares during the period. Amazon.com accounts for 10.0% of Ables Iannone Moore & Associates Inc.'s investment portfolio, making the stock its 3rd biggest position. Ables Iannone Moore & Associates Inc.'s holdings in Amazon.com were worth $16,285,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rench Wealth Management Inc. increased its holdings in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock valued at $34,395,000 after acquiring an additional 16,392 shares during the period. Blankinship & Foster LLC increased its stake in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after acquiring an additional 4,740 shares during the last quarter. Umpqua Bank raised its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after purchasing an additional 137 shares during the period. Finally, Washington Trust Advisors Inc. grew its holdings in shares of Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock worth $41,972,000 after purchasing an additional 982 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN traded up $5.28 during mid-day trading on Monday, reaching $225.94. 42,097,354 shares of the company's stock traded hands, compared to its average volume of 27,997,364. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $233.00. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The business's 50-day moving average price is $217.91 and its 200-day moving average price is $196.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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 return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on AMZN shares. Tigress Financial raised their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a report on Friday, December 20th. TD Cowen raised their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Roth Mkm raised their price objective on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Scotiabank upped their target price on Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $245.65.

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.