Revolve Wealth Partners LLC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Revolve Wealth Partners LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 42.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,059 shares of the e-commerce giant's stock after selling 17,657 shares during the quarter. Amazon.com comprises approximately 0.7% of Revolve Wealth Partners LLC's holdings, making the stock its 28th largest position. Revolve Wealth Partners LLC's holdings in Amazon.com were worth $4,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the period. Swedbank AB bought a new stake in Amazon.com in the 1st quarter valued at $2,239,757,000. Capital World Investors increased its holdings in Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the period. Capital Research Global Investors grew its holdings in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company's stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares of the company's stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMZN shares. Barclays upped their target price on shares of Amazon.com from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Truist Financial upped their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Morgan Stanley upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a "buy" 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 issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $235.77.

Amazon.com Stock Down 0.8 %

AMZN opened at $202.88 on Thursday. 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, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The firm's fifty day moving average is $192.56 and its 200 day moving average is $186.18. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

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

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.