Delta Investment Management LLC Has $8.58 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Delta Investment Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 17.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 75,918 shares of the e-commerce giant’s stock after selling 16,309 shares during the period. Amazon.com accounts for approximately 3.7% of Delta Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Delta Investment Management LLC’s holdings in Amazon.com were worth $8,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC increased its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. grew its stake in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp grew its stake in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC grew its stake in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the period. 57.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Sanford C. Bernstein decreased their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Rosenblatt Securities decreased their price objective on Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, November 14th. Moffett Nathanson initiated coverage on Amazon.com in a research note on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price objective for the company. StockNews.com assumed coverage on Amazon.com in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Wells Fargo & Company decreased their target price on Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.70.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the transaction, the chief executive officer now owns 533,435 shares in the company, valued at $50,142,890. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the transaction, the chief executive officer now owns 533,435 shares in the company, valued at $50,142,890. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,948 shares of company stock worth $5,135,922. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $95.27 on Friday. The business’s 50 day moving average price is $90.25 and its two-hundred day moving average price is $110.81. The company has a market cap of $971.91 billion, a PE ratio of 87.44, a price-to-earnings-growth ratio of 2.74 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, analysts predict that Amazon.com, Inc. will post 0.69 EPS for the current year.

About Amazon.com

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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.

See Also

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

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