Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,823,532 shares of the e-commerce giant's stock after selling 222,858 shares during the period. Amazon.com makes up approximately 4.7% of Vontobel Holding Ltd.'s investment portfolio, making the stock its 2nd biggest position. Vontobel Holding Ltd. owned approximately 0.08% of Amazon.com worth $1,457,759,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMZN. Garrison Point Advisors LLC grew its stake in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant's stock worth $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock valued at $594,000 after purchasing an additional 55 shares during the last quarter. O Connor Financial Group LLC lifted its holdings in Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after buying an additional 55 shares during the period. Cherrydale Wealth Management LLC grew its holdings in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after acquiring an additional 55 shares during the period. Finally, Lutz Financial Services LLC boosted its position in shares of Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant's stock valued at $551,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $8.87 during trading hours on Friday, reaching $202.61. 86,420,706 shares of the stock traded hands, compared to its average volume of 41,630,348. The company's 50-day simple moving average is $190.54 and its two-hundred day simple moving average is $185.54. The company has a market capitalization of $2.13 trillion, a P/E ratio of 43.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.90. 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 results 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 business had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Pivotal Research started coverage on Amazon.com in a report on Friday, October 11th. They issued a "buy" rating and a $260.00 price target on the stock. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Jefferies Financial Group upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Scotiabank raised their price objective on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $235.45.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on 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 completion of the sale, the director now owns 94,630 shares of the company's stock, valued at $19,858,105.50. This represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last 90 days. 10.80% of the stock is owned by company insiders.

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.