Everett Harris & Co. CA Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Everett Harris & Co. CA reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,020,426 shares of the e-commerce giant's stock after selling 6,207 shares during the quarter. Amazon.com makes up 2.4% of Everett Harris & Co. CA's investment portfolio, making the stock its 8th largest holding. Everett Harris & Co. CA's holdings in Amazon.com were worth $190,136,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Etesian Wealth Advisors Inc. lifted its position in shares of Amazon.com by 22.8% during the 3rd quarter. Etesian Wealth Advisors Inc. now owns 21,643 shares of the e-commerce giant's stock worth $4,033,000 after purchasing an additional 4,021 shares during the last quarter. Integris Wealth Management LLC boosted its holdings in Amazon.com by 53.8% in the 3rd quarter. Integris Wealth Management LLC now owns 2,551 shares of the e-commerce giant's stock valued at $475,000 after purchasing an additional 892 shares during the period. Key Client Fiduciary Advisors LLC grew its position in Amazon.com by 2.9% during the third quarter. Key Client Fiduciary Advisors LLC now owns 28,638 shares of the e-commerce giant's stock worth $5,336,000 after buying an additional 794 shares in the last quarter. Cahaba Wealth Management Inc. raised its holdings in Amazon.com by 4.2% in the 3rd quarter. Cahaba Wealth Management Inc. now owns 13,219 shares of the e-commerce giant's stock valued at $2,463,000 after acquiring an additional 532 shares in the last quarter. Finally, Meridiem Investment Management Ltd. lifted its position in shares of Amazon.com by 1.2% in the 3rd quarter. Meridiem Investment Management Ltd. now owns 1,219,572 shares of the e-commerce giant's stock worth $227,230,000 after acquiring an additional 14,520 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMZN shares. Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They issued a "buy" rating and a $260.00 target price for the company. Piper Sandler lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Maxim Group lifted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $197.00 target price on shares of Amazon.com in a report on Wednesday. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $235.77.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is owned by insiders.

Amazon.com Stock Down 1.8 %

Shares of NASDAQ AMZN traded down $3.64 during midday trading on Wednesday, reaching $200.97. The company's stock had a trading volume of 17,730,260 shares, compared to its average volume of 41,455,887. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 43.07, a PEG ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The stock has a 50 day simple moving average of $192.19 and a 200-day simple moving average of $186.06. 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 issued 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business 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 company earned $0.85 earnings per share. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current 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.