Prio Wealth Limited Partnership Sells 18,282 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Prio Wealth Limited Partnership decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 583,054 shares of the e-commerce giant's stock after selling 18,282 shares during the period. Amazon.com comprises 3.2% of Prio Wealth Limited Partnership's portfolio, making the stock its 6th biggest holding. Prio Wealth Limited Partnership's holdings in Amazon.com were worth $108,640,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Trilogy Capital Inc. grew its position in Amazon.com by 2.7% during the 3rd quarter. Trilogy Capital Inc. now owns 9,161 shares of the e-commerce giant's stock worth $1,707,000 after acquiring an additional 241 shares during the last quarter. Koss Olinger Consulting LLC lifted its position in Amazon.com by 4.0% during the 3rd quarter. Koss Olinger Consulting LLC now owns 20,451 shares of the e-commerce giant's stock valued at $3,811,000 after purchasing an additional 787 shares during the period. Echo Wealth Management LLC boosted its stake in shares of Amazon.com by 17.2% in the 3rd quarter. Echo Wealth Management LLC now owns 9,953 shares of the e-commerce giant's stock valued at $1,843,000 after purchasing an additional 1,461 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in shares of Amazon.com in the 3rd quarter valued at about $5,608,000. Finally, Violich Capital Management Inc. raised its stake in shares of Amazon.com by 2.7% during the third quarter. Violich Capital Management Inc. now owns 48,420 shares of the e-commerce giant's stock worth $9,022,000 after buying an additional 1,265 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company's stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 in the last three months. Insiders own 10.80% of the company's stock.

Amazon.com Price Performance

AMZN stock traded down $1.23 during trading on Friday, reaching $197.15. 7,491,490 shares of the company were exchanged, compared to its average volume of 41,448,922. The company has a 50-day moving average of $192.79 and a two-hundred day moving average of $186.26. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.55, a P/E/G ratio of 1.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. Royal Bank of Canada lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $235.77.

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.