Consolidated Capital Management LLC Sells 13,987 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Consolidated Capital Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 16.5% during the third quarter, HoldingsChannel.com reports. The firm owned 70,729 shares of the e-commerce giant’s stock after selling 13,987 shares during the quarter. Amazon.com makes up approximately 5.8% of Consolidated Capital Management LLC’s holdings, making the stock its 7th largest holding. Consolidated Capital Management LLC’s holdings in Amazon.com were worth $13,179,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMZN. PayPay Securities Corp increased 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 buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com in the 1st quarter valued at $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com in the second quarter valued at approximately $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 in the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $202.61 on Friday. The business’s fifty day moving average is $191.16 and its 200 day moving average is $185.69. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations 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 was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMZN shares. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Jefferies Financial Group upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, JMP Securities increased their target price on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

Amazon.com Company 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.