Rheos Capital Works Inc. Sells 50,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rheos Capital Works Inc. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 268,800 shares of the e-commerce giant's stock after selling 50,000 shares during the period. Amazon.com makes up 2.6% of Rheos Capital Works Inc.'s investment portfolio, making the stock its 5th largest holding. Rheos Capital Works Inc.'s holdings in Amazon.com were worth $50,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. SPC Financial Inc. raised its holdings in shares of Amazon.com by 11.4% during the third quarter. SPC Financial Inc. now owns 22,535 shares of the e-commerce giant's stock valued at $4,199,000 after purchasing an additional 2,308 shares during the last quarter. Alliance Wealth Advisors LLC raised its holdings in shares of Amazon.com by 5.3% during the third quarter. Alliance Wealth Advisors LLC now owns 7,535 shares of the e-commerce giant's stock valued at $1,404,000 after purchasing an additional 377 shares during the last quarter. B.O.S.S. Retirement Advisors LLC raised its holdings in shares of Amazon.com by 11.3% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 71,170 shares of the e-commerce giant's stock valued at $13,261,000 after purchasing an additional 7,226 shares during the last quarter. Market Street Wealth Management Advisors LLC raised its holdings in shares of Amazon.com by 7.5% during the third quarter. Market Street Wealth Management Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $866,000 after purchasing an additional 323 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC raised its holdings in shares of Amazon.com by 0.3% during the third quarter. Fulton Breakefield Broenniman LLC now owns 275,188 shares of the e-commerce giant's stock valued at $51,276,000 after purchasing an additional 817 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ AMZN traded down $8.87 during midday trading on Friday, hitting $202.61. The company's stock had a trading volume of 86,591,144 shares, compared to its average volume of 41,630,348. The business's fifty day simple moving average is $191.16 and its two-hundred day simple moving average is $185.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $215.90. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm's quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Truist Financial upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, November 1st. Robert W. Baird upped their target price on shares of Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 1st. UBS Group upped their target price on shares of Amazon.com from $220.00 to $223.00 and gave the company a "buy" rating in a report on Monday, October 28th. Finally, Piper Sandler upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.45.

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.