Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 63.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 463,255 shares of the e-commerce giant's stock after selling 789,877 shares during the period. Amazon.com makes up approximately 1.3% of Aptus Capital Advisors LLC's portfolio, making the stock its 14th biggest position. Aptus Capital Advisors LLC's holdings in Amazon.com were worth $86,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in shares of Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Amazon.com by 3.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant's stock valued at $7,917,906,000 after buying an additional 1,329,150 shares during the period. International Assets Investment Management LLC grew its stake in shares of Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Amazon.com by 1.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant's stock valued at $6,161,579,000 after acquiring an additional 464,938 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company's stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AMZN shares. Moffett Nathanson upped their price target on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Tuesday, December 10th. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a "buy" rating and a $260.00 target price for the company. Truist Financial lifted their price target on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Bank of America increased their price objective on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $243.00.

Amazon.com Price Performance

Amazon.com stock traded up $1.38 during mid-day trading on Monday, reaching $226.30. The company had a trading volume of 9,827,518 shares, compared to its average volume of 41,290,434. The stock's 50-day simple moving average is $205.83 and its 200-day simple moving average is $191.38. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.38 trillion, a P/E ratio of 48.46, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 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 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 earned $0.85 earnings per share. Amazon.com's quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.