Retireful LLC Lowers Stock Position in Amazon.com, Inc. $AMZN

Retireful LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 67.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,050 shares of the e-commerce giant’s stock after selling 2,176 shares during the quarter. Retireful LLC’s holdings in Amazon.com were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 valued at $186,420,422,000 after buying an additional 17,447,045 shares in the last quarter. State Street Corp raised its holdings in Amazon.com by 1.4% during the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after acquiring an additional 5,163,208 shares during the period. Geode Capital Management LLC lifted its position in shares of Amazon.com by 1.7% in the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its position in shares of 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 valued at $29,100,194,000 after acquiring an additional 132,616,953 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the second quarter worth about $27,438,011,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $241.64 on Thursday. 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 company has a market capitalization of $2.58 trillion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.51 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. The firm’s 50-day moving average is $232.69 and its 200 day moving average is $227.33.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. KeyCorp reissued an “overweight” rating on shares of Amazon.com in a report on Friday, December 5th. Citizens Jmp reissued a “market outperform” rating and issued a $300.00 target price on shares of Amazon.com in a report on Wednesday, December 3rd. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Piper Sandler reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, December 3rd. Finally, CIBC increased their price objective on shares of Amazon.com to $315.00 in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $296.21.

Check Out Our Latest Stock Analysis on Amazon.com

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the sale, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,734 shares of company stock worth $18,534,017 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.

About Amazon.com

(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.

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

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