Amazon.com, Inc. $AMZN Stock: Verde Servicos Internacionais S.A. Trims Holdings

Verde Servicos Internacionais S.A. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,414 shares of the e-commerce giant’s stock after selling 6,465 shares during the period. Amazon.com accounts for approximately 4.6% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 7th largest position. Verde Servicos Internacionais S.A.’s holdings in Amazon.com were worth $13,557,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Red Crane Wealth Management LLC grew its stake in Amazon.com by 2.3% in the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock valued at $346,000 after purchasing an additional 38 shares in the last quarter. Stegent Equity Advisors Inc. raised its stake in shares of Amazon.com by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant’s stock worth $364,000 after purchasing an additional 39 shares in the last quarter. Robinson Smith Wealth Advisors LLC raised its stake in shares of Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock worth $1,147,000 after purchasing an additional 40 shares in the last quarter. Sfam LLC boosted its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after buying an additional 40 shares during the last quarter. Finally, Measured Risk Portfolios Inc. boosted its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock valued at $251,000 after buying an additional 40 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Guggenheim reissued a “buy” rating and issued a $320.00 target price on shares of Amazon.com in a research note on Friday, October 30th. The Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a $370.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Evercore reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, October 30th. DA Davidson set a $250.00 price objective on shares of Amazon.com and gave the company a “neutral” rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.74.

View Our Latest Analysis on Amazon.com

Amazon.com Stock Up 0.5%

AMZN opened at $267.44 on Friday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The stock’s fifty day simple moving average is $254.66 and its 200 day simple moving average is $244.21. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.89 trillion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same period in the prior year, the business earned $1.95 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. The trade was a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is currently owned by insiders.

Amazon.com News Summary

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About Amazon.com

(Free Report)

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.

Further Reading

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

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