United Capital Management of KS Inc. Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

United Capital Management of KS Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,309 shares of the e-commerce giant's stock after selling 11,208 shares during the quarter. Amazon.com makes up 3.1% of United Capital Management of KS Inc.'s investment portfolio, making the stock its 9th largest holding. United Capital Management of KS Inc.'s holdings in Amazon.com were worth $14,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com during the 3rd quarter worth about $56,000. Finally, Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Maxim Group increased their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Mizuho upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Truist Financial lifted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an "overweight" rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Finally, Jefferies Financial Group upped their price target on Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $243.00.

Amazon.com Stock Performance

Shares of AMZN traded up $1.63 during trading hours on Friday, hitting $224.92. The company had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. The business has a fifty day moving average of $205.83 and a 200-day moving average of $191.38. 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 quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.