From MarketBeat:

Independent Advisor Alliance decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the third quarter, selling 8,139 shares, resulting in a total of 531,658 shares worth $67,584,000. Other institutional investors have also added to or reduced their stakes in the company. Wall Street analysts have given Amazon.com a “Buy” rating with a consensus target price of $174.09.

Amazon.com’s stock opened at $153.16, experiencing a 0.9% decrease. The company has a market cap of $1.58 trillion and a 52-week low-high of $88.12-$157.17. In Q3, the e-commerce giant reported earnings per share (EPS) of $0.85, surpassing analysts’ consensus estimates by $0.27, with a total revenue of approximately $143.08 billion.

Amazon.com’s CEO and CFO sold shares of the company. CEO, Adam Selipsky, sold 500 shares at an average price of $153.20 each, totaling $76,600, while CFO, Brian T. Olsavsky, sold 16,800 shares at an average price of $143.76 each, totaling $2,415,168. In total, insiders have sold 65,829 shares of company stock valued at $9,402,148, representing 12.70% of the company’s stock.



Read more: Independent Advisor Alliance Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)