Guardian Investment Management Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Guardian Investment Management decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 81.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,108 shares of the e-commerce giant's stock after selling 32,160 shares during the quarter. Amazon.com makes up 1.1% of Guardian Investment Management's portfolio, making the stock its 28th biggest holding. Guardian Investment Management's holdings in Amazon.com were worth $1,324,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com in the third quarter worth about $37,000. Christopher J. Hasenberg Inc raised its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com in the first quarter worth about $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com during the 2nd quarter valued at approximately $77,000. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMZN. Truist Financial lifted their target price on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Scotiabank raised their price target on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a report on Friday, November 1st. BMO Capital Markets restated an "outperform" rating and set a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Finally, Needham & Company LLC restated a "buy" rating and set a $210.00 price target on shares of Amazon.com in a report on Friday, November 1st. Two investment 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 MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $234.55.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at $21,989,299.44. 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 at this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,859 shares of company stock worth $10,215,097. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.6 %

AMZN stock traded down $1.34 on Monday, hitting $206.84. 29,706,365 shares of the company's stock were exchanged, compared to its average volume of 41,385,402. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $212.25. The firm has a 50 day moving average price of $187.83 and a two-hundred day moving average price of $184.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.17 trillion, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business 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 company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.24 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.