Seamount Financial Group Inc. Has $8.65 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Seamount Financial Group Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,433 shares of the e-commerce giant's stock after selling 2,715 shares during the period. Amazon.com accounts for about 6.5% of Seamount Financial Group Inc.'s portfolio, making the stock its 2nd largest position. Seamount Financial Group Inc.'s holdings in Amazon.com were worth $8,652,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. DA Davidson reiterated a "buy" rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Susquehanna boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Evercore ISI upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Stifel Nicolaus boosted 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. Finally, JPMorgan Chase & Co. boosted their price objective on Amazon.com from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.77.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company's stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock worth $1,249,093,896 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 1.8 %

NASDAQ AMZN traded down $3.64 on Wednesday, hitting $200.97. The company's stock had a trading volume of 17,730,260 shares, compared to its average volume of 41,455,887. Amazon.com, Inc. has a 52-week low of $141.50 and a 52-week high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company's 50-day simple moving average is $192.19 and its 200 day simple moving average is $186.06. The firm has a market cap of $2.11 trillion, a P/E ratio of 43.07, a PEG ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping 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 business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. The business's revenue was up 11.0% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 5.27 EPS 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.