Cadinha & Co. LLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Cadinha & Co. LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 86.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,024 shares of the e-commerce giant's stock after selling 70,344 shares during the quarter. Cadinha & Co. LLC's holdings in Amazon.com were worth $2,054,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMZN. Guardian Asset Advisors LLC boosted its stake in Amazon.com by 1.9% during the third quarter. Guardian Asset Advisors LLC now owns 45,352 shares of the e-commerce giant's stock worth $8,451,000 after acquiring an additional 845 shares in the last quarter. Northstar Group Inc. boosted its stake in Amazon.com by 2.0% during the third quarter. Northstar Group Inc. now owns 89,604 shares of the e-commerce giant's stock worth $16,696,000 after acquiring an additional 1,787 shares in the last quarter. Cypress Wealth Services LLC boosted its stake in Amazon.com by 3.7% during the third quarter. Cypress Wealth Services LLC now owns 22,004 shares of the e-commerce giant's stock worth $4,100,000 after acquiring an additional 784 shares in the last quarter. Harbor Group Inc. boosted its stake in Amazon.com by 83.4% during the third quarter. Harbor Group Inc. now owns 1,940 shares of the e-commerce giant's stock worth $361,000 after acquiring an additional 882 shares in the last quarter. Finally, Morton Capital Management LLC CA lifted its stake in shares of Amazon.com by 14.5% in the third quarter. Morton Capital Management LLC CA now owns 18,714 shares of the e-commerce giant's stock valued at $3,487,000 after buying an additional 2,374 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMZN. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JMP Securities raised their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Telsey Advisory Group raised their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. TD Cowen raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.

Amazon.com Trading Up 1.4 %

Shares of AMZN stock traded up $2.96 during mid-day trading on Thursday, reaching $210.05. The stock had a trading volume of 52,821,583 shares, compared to its average volume of 41,462,430. The stock's 50-day moving average price is $186.48 and its two-hundred day moving average price is $184.23. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The firm has a market capitalization of $2.21 trillion, a PE ratio of 44.98, a price-to-earnings-growth ratio of 1.46 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.85 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 4.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,859 shares of company stock valued at $10,215,097. Insiders own 10.80% of the company's stock.

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.