First Heartland Consultants Inc. Sells 10,222 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Heartland Consultants Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,021 shares of the e-commerce giant's stock after selling 10,222 shares during the quarter. Amazon.com accounts for 1.2% of First Heartland Consultants Inc.'s portfolio, making the stock its 20th largest position. First Heartland Consultants Inc.'s holdings in Amazon.com were worth $11,556,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMZN. Alterna Wealth Management Inc. raised its holdings in Amazon.com by 38.3% in the second quarter. Alterna Wealth Management Inc. now owns 11,686 shares of the e-commerce giant's stock valued at $2,258,000 after acquiring an additional 3,238 shares in the last quarter. Cardinal Point Capital Management ULC raised its stake in shares of Amazon.com by 25.9% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 3,401 shares of the e-commerce giant's stock valued at $657,000 after purchasing an additional 699 shares in the last quarter. Compton Wealth Advisory Group LLC lifted its position in shares of Amazon.com by 3.9% during the second quarter. Compton Wealth Advisory Group LLC now owns 30,881 shares of the e-commerce giant's stock worth $5,968,000 after purchasing an additional 1,161 shares during the last quarter. Diversify Advisory Services LLC grew its stake in Amazon.com by 49.6% in the second quarter. Diversify Advisory Services LLC now owns 298,770 shares of the e-commerce giant's stock worth $59,557,000 after purchasing an additional 99,084 shares in the last quarter. Finally, FSM Wealth Advisors LLC raised its stake in Amazon.com by 1.5% during the second quarter. FSM Wealth Advisors LLC now owns 12,945 shares of the e-commerce giant's stock valued at $2,502,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.6 %

Shares of Amazon.com stock traded up $1.38 on Monday, hitting $226.30. 9,827,518 shares of the company traded hands, compared to its average volume of 41,290,434. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. 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 company has a market cap of $2.38 trillion, a PE ratio of 48.46, a PEG ratio of 1.54 and a beta of 1.16. The company has a 50-day moving average price of $205.83 and a 200 day moving average price of $191.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMZN shares. Sanford C. Bernstein boosted their price target on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Loop Capital increased their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday, December 10th. Mizuho boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Finally, Tigress Financial raised their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $243.00.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Insiders own 10.80% of the company's stock.

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.