Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 361,723 shares of the e-commerce giant's stock after selling 65,439 shares during the period. Amazon.com makes up 4.5% of Generate Investment Management Ltd's investment portfolio, making the stock its 3rd biggest holding. Generate Investment Management Ltd's holdings in Amazon.com were worth $67,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zhang Financial LLC increased its position in Amazon.com by 12.9% during the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock worth $9,520,000 after purchasing an additional 5,828 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant's stock worth $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC increased its position in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant's stock worth $22,211,000 after purchasing an additional 19,231 shares during the period. Stonekeep Investments LLC acquired a new position in Amazon.com during the 2nd quarter worth approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant's stock worth $203,677,000 after acquiring an additional 654,908 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.4 %

NASDAQ AMZN traded up $2.91 during trading hours on Tuesday, hitting $204.61. The company had a trading volume of 30,921,727 shares, compared to its average volume of 41,560,453. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The company has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm's 50 day moving average is $192.19 and its 200 day moving average is $186.06.

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, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Sanford C. Bernstein upped their price target on Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Needham & Company LLC upped their price target on Amazon.com from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Loop Capital upped their price target on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, UBS Group upped their price target on Amazon.com from $220.00 to $223.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $235.45.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 9,490 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the sale, the senior vice president now directly owns 64,610 shares in the company, valued at $11,686,656.80. This trade represents a 12.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's 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 sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,054,586 shares of company stock worth $1,256,749,526. Corporate insiders own 10.80% of the company's stock.

Amazon.com Company 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.