Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Allred Capital Management LLC

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Allred Capital Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 786 shares of the e-commerce giant’s stock after selling 134 shares during the quarter. Amazon.com comprises 1.5% of Allred Capital Management LLC’s holdings, making the stock its 11th largest holding. Allred Capital Management LLC’s holdings in Amazon.com were worth $2,474,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. DRH Investments Inc. grew its stake in shares of Amazon.com by 5.1% in the second quarter. DRH Investments Inc. now owns 6,207 shares of the e-commerce giant’s stock valued at $17,124,000 after buying an additional 300 shares in the last quarter. Legacy Advisors LLC grew its stake in shares of Amazon.com by 23.3% in the second quarter. Legacy Advisors LLC now owns 1,038 shares of the e-commerce giant’s stock valued at $2,864,000 after buying an additional 196 shares in the last quarter. Comerica Bank grew its stake in shares of Amazon.com by 6.4% in the second quarter. Comerica Bank now owns 88,908 shares of the e-commerce giant’s stock valued at $275,606,000 after buying an additional 5,326 shares in the last quarter. Morningstar Investment Services LLC grew its stake in shares of Amazon.com by 4.2% in the second quarter. Morningstar Investment Services LLC now owns 22,214 shares of the e-commerce giant’s stock valued at $59,541,000 after buying an additional 888 shares in the last quarter. Finally, Kore Private Wealth LLC grew its stake in shares of Amazon.com by 13.9% in the second quarter. Kore Private Wealth LLC now owns 6,101 shares of the e-commerce giant’s stock valued at $16,831,000 after buying an additional 743 shares in the last quarter. 57.32% of the stock is owned by institutional investors.

Shares of NASDAQ AMZN opened at $3,272.71 on Friday. Amazon.com, Inc. has a 12-month low of $1,626.03 and a 12-month high of $3,552.25. The company has a market cap of $1,639.27 billion, a P/E ratio of 125.83, a P/E/G ratio of 3.59 and a beta of 1.35. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $3,207.58 and a 200 day moving average price of $2,802.40.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, topping the consensus estimate of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. The business had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. On average, sell-side analysts forecast that Amazon.com, Inc. will post 31.61 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 97,654 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total value of $307,618,888.86. Following the transaction, the chief executive officer now owns 54,583,923 shares of the company’s stock, valued at $171,944,270,003.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Indra K. Nooyi bought 8 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average cost of $3,208.60 per share, for a total transaction of $25,668.80. Following the acquisition, the director now directly owns 826 shares of the company’s stock, valued at $2,650,303.60. The disclosure for this purchase can be found here. Insiders sold 102,815 shares of company stock worth $324,095,003 in the last three months. 16.10% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on the company. UBS Group boosted their target price on Amazon.com from $3,000.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. BMO Capital Markets boosted their target price on Amazon.com from $2,850.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Needham & Company LLC reissued a “buy” rating and set a $3,700.00 target price (up from $3,200.00) on shares of Amazon.com in a research note on Friday, July 31st. Wolfe Research reissued a “buy” rating and set a $3,500.00 target price on shares of Amazon.com in a research note on Wednesday, September 9th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, October 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and forty-nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $3,438.90.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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