Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,851,511 shares of the e-commerce giant's stock after selling 128,700 shares during the quarter. Amazon.com accounts for 1.2% of Victory Capital Management Inc.'s investment portfolio, making the stock its 5th biggest position. Victory Capital Management Inc. owned 0.07% of Amazon.com worth $1,276,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Alterna Wealth Management Inc. increased its stake in shares of Amazon.com by 38.3% in the second quarter. Alterna Wealth Management Inc. now owns 11,686 shares of the e-commerce giant's stock worth $2,258,000 after buying an additional 3,238 shares during the last quarter. Cardinal Point Capital Management ULC grew its position in shares of Amazon.com by 25.9% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 3,401 shares of the e-commerce giant's stock worth $657,000 after acquiring an additional 699 shares in the last quarter. Compton Wealth Advisory Group LLC increased its holdings in shares of Amazon.com by 3.9% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 30,881 shares of the e-commerce giant's stock valued at $5,968,000 after acquiring an additional 1,161 shares during the last quarter. Diversify Advisory Services LLC raised its position in shares of Amazon.com by 49.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 298,770 shares of the e-commerce giant's stock valued at $59,557,000 after acquiring an additional 99,084 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its stake in Amazon.com by 1.5% during the second quarter. FSM Wealth Advisors LLC now owns 12,945 shares of the e-commerce giant's stock worth $2,502,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

AMZN stock traded up $1.38 on Monday, reaching $226.30. 9,827,518 shares of the company were exchanged, compared to its average volume of 41,290,434. The firm has a market capitalization of $2.38 trillion, a PE ratio of 48.46, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The stock's fifty day moving average price is $205.83 and its 200 day moving average price is $191.38. 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 posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business's revenue was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on AMZN shares. Evercore ISI increased 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 Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a "buy" rating and a $260.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Piper Sandler increased their price target 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, Roth Mkm boosted their price objective on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $243.00.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company's stock, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 in the last quarter. Corporate insiders own 10.80% of the company's stock.

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.