Proficio Capital Partners LLC Has $13.13 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Proficio Capital Partners LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,469 shares of the e-commerce giant's stock after selling 8,303 shares during the quarter. Amazon.com comprises about 1.3% of Proficio Capital Partners LLC's investment portfolio, making the stock its 18th largest holding. Proficio Capital Partners LLC's holdings in Amazon.com were worth $13,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Foundations Investment Advisors LLC raised its stake in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after buying an additional 16,392 shares in the last quarter. Umpqua Bank grew its holdings in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock worth $6,544,000 after acquiring an additional 137 shares during the period. Zhang Financial LLC raised its position in Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock worth $9,520,000 after acquiring an additional 5,828 shares in the last quarter. BayBridge Capital Group LLC lifted its holdings in Amazon.com by 51.8% in the 3rd quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant's stock valued at $2,677,000 after acquiring an additional 4,905 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $550,217,000 after purchasing an additional 14,766 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group increased their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday. Mizuho increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Maxim Group raised their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Piper Sandler boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Morgan Stanley increased their price target on Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.00.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company's stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $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. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last 90 days. Insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.63 during trading hours on Friday, reaching $224.92. 87,060,734 shares of the company were exchanged, compared to its average volume of 41,415,395. 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 company has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. The stock's fifty day moving average is $205.83 and its two-hundred day moving average is $191.30. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.