Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Eos Management L.P.

Eos Management L.P. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,955 shares of the e-commerce giant's stock after selling 10,599 shares during the period. Amazon.com accounts for 2.4% of Eos Management L.P.'s investment portfolio, making the stock its 8th biggest holding. Eos Management L.P.'s holdings in Amazon.com were worth $6,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of AMZN. PayPay Securities Corp boosted its holdings 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 period. Hoese & Co LLP bought a new position in Amazon.com during the third quarter valued at approximately $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com in the 3rd quarter worth $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter worth about $56,000. Finally, Christopher J. Hasenberg Inc grew its position in 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 acquiring an additional 260 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank of Canada increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Mizuho upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. The Goldman Sachs Group raised their target price on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Tigress Financial boosted their price target on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a report on Friday. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $243.00.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated 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 $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $1.63 during midday trading on Friday, reaching $224.92. 87,060,734 shares of the stock were exchanged, compared to its average volume of 41,415,395. 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 firm has a 50-day simple moving average of $205.83 and a two-hundred day simple moving average of $191.30. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16.

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, beating 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 analysts' expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

About Amazon.com

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.