Teamwork Financial Advisors LLC Has $33.32 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Teamwork Financial Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 178,833 shares of the e-commerce giant's stock after selling 6,613 shares during the period. Amazon.com makes up 4.6% of Teamwork Financial Advisors LLC's holdings, making the stock its 3rd largest position. Teamwork Financial Advisors LLC's holdings in Amazon.com were worth $33,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its position in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant's stock valued at $32,894,000 after acquiring an additional 43,759 shares during the period. Schear Investment Advisers LLC lifted its stake in Amazon.com by 6.2% in the 1st quarter. Schear Investment Advisers LLC now owns 22,037 shares of the e-commerce giant's stock valued at $3,975,000 after purchasing an additional 1,287 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its holdings in Amazon.com by 2.6% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 6,155 shares of the e-commerce giant's stock worth $1,110,000 after purchasing an additional 156 shares during the period. Paces Ferry Wealth Advisors LLC increased its position in Amazon.com by 0.4% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 31,010 shares of the e-commerce giant's stock worth $5,594,000 after buying an additional 117 shares during the last quarter. Finally, High Note Wealth LLC lifted its position in shares of Amazon.com by 6.0% in the first quarter. High Note Wealth LLC now owns 42,297 shares of the e-commerce giant's stock valued at $7,629,000 after buying an additional 2,401 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 4.2 %

AMZN traded down $8.87 during trading on Friday, reaching $202.61. 86,591,144 shares of the company's stock were exchanged, compared to its average volume of 42,217,644. The stock has a market capitalization of $2.13 trillion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90. The firm has a fifty day moving average price of $191.16 and a two-hundred day moving average price of $185.76.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last 90 days. Company insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMZN. Robert W. Baird increased their price target on Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Rosenblatt Securities raised their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Telsey Advisory Group lifted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JMP Securities increased their price target on shares of Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a report on Friday, November 1st. Finally, Evercore ISI raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.45.

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.