Eastover Investment Advisors LLC Sells 1,340 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Eastover Investment Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,837 shares of the e-commerce giant's stock after selling 1,340 shares during the quarter. Amazon.com comprises about 4.8% of Eastover Investment Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Eastover Investment Advisors LLC's holdings in Amazon.com were worth $10,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. State Street Corp boosted its holdings in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after acquiring an additional 1,042,177 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Amazon.com by 3.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock worth $10,776,201,000 after acquiring an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock worth $10,678,217,000 after purchasing an additional 1,980,663 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $4.30 during trading on Wednesday, reaching $235.01. The company's stock had a trading volume of 41,375,972 shares, compared to its average volume of 31,919,486. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $235.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The business's fifty day moving average price is $218.73 and its 200-day moving average price is $196.68.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business posted $0.85 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. Maxim Group lifted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. TD Cowen lifted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Rosenblatt Securities upped their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Telsey Advisory Group increased their target price on Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $247.72.

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.