Toth Financial Advisory Corp Reduces Stake in Amazon.com, Inc. $AMZN

Toth Financial Advisory Corp reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,128 shares of the e-commerce giant’s stock after selling 2,429 shares during the period. Toth Financial Advisory Corp’s holdings in Amazon.com were worth $3,761,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted its position in Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after buying an additional 132,616,953 shares during the last quarter. Norges Bank bought a new stake in shares of Amazon.com in the 2nd quarter worth about $27,438,011,000. Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $11,674,091,000. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC grew its holdings in Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. Susquehanna set a $300.00 target price on Amazon.com and gave the company a “positive” rating in a research report on Friday, October 31st. TD Cowen reissued a “buy” rating and set a $300.00 price target on shares of Amazon.com in a research note on Thursday, December 11th. Evercore ISI upped their price objective on Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, November 26th. Finally, Canaccord Genuity Group set a $300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $295.50.

Check Out Our Latest Stock Report on AMZN

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $232.14 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average price is $230.01 and its 200-day moving average price is $225.92. The firm has a market cap of $2.48 trillion, a P/E ratio of 32.79, a P/E/G ratio of 1.57 and a beta of 1.37. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Trending Headlines about Amazon.com

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Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the sale, the director owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 82,234 shares of company stock valued at $19,076,767. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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