Verum Partners LLC Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Verum Partners LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,917 shares of the e-commerce giant’s stock after selling 561 shares during the quarter. Amazon.com makes up about 0.8% of Verum Partners LLC’s investment portfolio, making the stock its 27th largest position. Verum Partners LLC’s holdings in Amazon.com were worth $2,593,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Sunpointe LLC lifted its stake in Amazon.com by 2.0% in the 3rd quarter. Sunpointe LLC now owns 21,267 shares of the e-commerce giant’s stock valued at $3,963,000 after buying an additional 415 shares in the last quarter. Stage Harbor Financial LLC increased its position in Amazon.com by 2.9% during the third quarter. Stage Harbor Financial LLC now owns 3,564 shares of the e-commerce giant’s stock worth $673,000 after buying an additional 102 shares in the last quarter. Destiny Wealth Partners LLC raised its holdings in shares of Amazon.com by 2.5% in the third quarter. Destiny Wealth Partners LLC now owns 116,939 shares of the e-commerce giant’s stock worth $21,789,000 after acquiring an additional 2,848 shares during the last quarter. Stableford Capital II LLC lifted its position in shares of Amazon.com by 6.3% in the third quarter. Stableford Capital II LLC now owns 50,130 shares of the e-commerce giant’s stock valued at $9,466,000 after acquiring an additional 2,962 shares in the last quarter. Finally, Safeguard Financial LLC boosted its stake in shares of Amazon.com by 2.9% during the third quarter. Safeguard Financial LLC now owns 12,040 shares of the e-commerce giant’s stock valued at $2,243,000 after acquiring an additional 342 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was 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, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly 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 6,053,349 shares of company stock worth $1,256,503,289 in the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN opened at $211.48 on Friday. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The firm has a market cap of $2.22 trillion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.40 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $189.87 and a 200 day simple moving average of $185.36.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMZN shares. Barclays boosted their target price on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. JMP Securities upped their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Susquehanna increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus lifted their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

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.