Addison Capital Co Sells 83 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Addison Capital Co trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the third quarter, HoldingsChannel reports. The firm owned 16,608 shares of the e-commerce giant’s stock after selling 83 shares during the quarter. Amazon.com accounts for about 1.2% of Addison Capital Co’s holdings, making the stock its 24th largest holding. Addison Capital Co’s holdings in Amazon.com were worth $3,095,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. PayPay Securities Corp increased its position 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 valued at $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in Amazon.com in the third quarter worth $37,000. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com during the 1st quarter valued at $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ:AMZN opened at $202.61 on Monday. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $215.90. 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 stock’s 50-day moving average price is $191.16 and its 200-day moving average price is $185.81. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping 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 return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMZN. The Goldman Sachs Group increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays increased their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their target price on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Finally, Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’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 sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last quarter. Company 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.