Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Trimmed by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,931 shares of the e-commerce giant's stock after selling 4,183 shares during the period. Amazon.com makes up approximately 2.4% of Beaumont Financial Advisors LLC's portfolio, making the stock its 7th largest position. Beaumont Financial Advisors LLC's holdings in Amazon.com were worth $30,545,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at $37,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the 1st quarter valued at $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com in the second quarter valued at about $77,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was 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 directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock worth $10,215,097 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Down 0.9 %

Shares of NASDAQ:AMZN traded down $1.87 during trading on Friday, hitting $208.18. The stock had a trading volume of 36,040,942 shares, compared to its average volume of 41,437,816. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.19 trillion, a PE ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14. The firm's fifty day moving average is $187.83 and its 200 day moving average is $184.62.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 5.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Jefferies Financial Group lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Benchmark raised their target price on Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Susquehanna boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. Evercore ISI increased their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Piper Sandler upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $234.55.

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.