Perpetual Ltd Sells 37,326 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Perpetual Ltd cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 462,662 shares of the e-commerce giant's stock after selling 37,326 shares during the period. Perpetual Ltd's holdings in Amazon.com were worth $86,208,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% during the 2nd 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 in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com during the 1st quarter worth approximately $69,000. Innealta Capital LLC bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $77,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant's stock worth $84,000 after buying an additional 199 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Evercore ISI increased their price target on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. TD Securities upped their target price on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. The Goldman Sachs Group upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Piper Sandler upped their target price on Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Telsey Advisory Group upped their target price on Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Two research 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's stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $234.55.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com 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 completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 owns 121,461 shares of the company's stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,859 shares of company stock worth $10,215,097. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

NASDAQ AMZN traded up $2.96 during trading hours on Thursday, hitting $210.05. The company had a trading volume of 52,821,583 shares, compared to its average volume of 41,462,430. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $212.25. The firm has a 50 day simple moving average of $186.48 and a 200 day simple moving average of $184.23. 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 firm has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 44.98, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $158.88 billion during 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 revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Equities research analysts expect that Amazon.com, Inc. will post 4.98 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.