Sheets Smith Wealth Management Has $17.69 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sheets Smith Wealth Management reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,938 shares of the e-commerce giant's stock after selling 4,866 shares during the quarter. Amazon.com accounts for 2.2% of Sheets Smith Wealth Management's portfolio, making the stock its 6th largest position. Sheets Smith Wealth Management's holdings in Amazon.com were worth $17,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased 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 acquiring an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at about $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com during the 3rd quarter worth about $56,000. Finally, Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 260 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business's stock in a transaction on 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 transaction, the insider now owns 917,416,976 shares of the company's stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Amazon.com stock traded up $1.63 during trading on Friday, hitting $224.92. The stock had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. The stock's 50 day moving average is $205.83 and its two-hundred day moving average is $191.30. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Scotiabank increased their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group boosted 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. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average 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.