Amazon.com, Inc. (NASDAQ:AMZN) Position Decreased by Liberty One Investment Management LLC

Liberty One Investment Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 814 shares of the e-commerce giant’s stock after selling 126 shares during the period. Liberty One Investment Management LLC’s holdings in Amazon.com were worth $2,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. LRT Capital Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth approximately $939,000. Bellecapital International Ltd. grew its holdings in Amazon.com by 1,993.8% during the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock valued at $7,503,000 after purchasing an additional 67,270 shares during the last quarter. Van Hulzen Asset Management LLC grew its holdings in Amazon.com by 2.1% during the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock valued at $13,017,000 after purchasing an additional 82 shares during the last quarter. Bouchey Financial Group Ltd grew its holdings in Amazon.com by 2,027.5% during the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock valued at $17,028,000 after purchasing an additional 152,790 shares during the last quarter. Finally, Ervin Investment Management LLC grew its stake in shares of Amazon.com by 1,900.0% in the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after acquiring an additional 2,793 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Amazon.com Trading Down 2.3 %

NASDAQ AMZN opened at $98.49 on Tuesday. The stock has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 90.40, a PEG ratio of 8.00 and a beta of 1.23. The stock’s 50 day moving average price is $113.35 and its two-hundred day moving average price is $117.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the prior year, the business posted $0.31 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Citigroup reduced their target price on Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Royal Bank of Canada cut their price objective on Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft cut their price target on Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 28th. Sanford C. Bernstein cut their price target on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, Cowen cut their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $151.59.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,480 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the transaction, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The disclosure for this sale can be found here. Insiders have sold a total of 287,913 shares of company stock worth $10,977,635 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Profile

(Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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

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