Liberty Wealth Management LLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Liberty Wealth Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 75.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,464 shares of the e-commerce giant's stock after selling 64,220 shares during the quarter. Liberty Wealth Management LLC's holdings in Amazon.com were worth $3,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AMZN. International Assets Investment Management LLC lifted its holdings in shares of Amazon.com by 20,897.2% during the 3rd 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 during the period. Strategic Financial Concepts LLC raised its position in Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after purchasing an additional 3,903,889 shares in the last quarter. Wulff Hansen & CO. lifted its stake in Amazon.com by 20,517.4% during the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant's stock worth $750,646,000 after purchasing an additional 3,865,485 shares during the last quarter. National Pension Service boosted its holdings in shares of Amazon.com by 15.9% in the 3rd quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant's stock valued at $3,152,802,000 after purchasing an additional 2,321,786 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its stake in shares of Amazon.com by 6,590.8% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant's stock valued at $432,394,000 after purchasing an additional 2,318,713 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock traded up $1.63 during midday trading on Friday, reaching $224.92. 87,060,734 shares of the company's stock traded hands, compared to its average volume of 41,415,395. The firm has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a 50-day moving average price of $205.83 and a two-hundred day moving average price of $191.30. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 EPS. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on AMZN shares. Loop Capital upped their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a report on Friday, November 1st. Pivotal Research initiated coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price objective for the company. Finally, Oppenheimer raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.00.

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.