Sigma Investment Counselors Inc. Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sigma Investment Counselors Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,799 shares of the e-commerce giant’s stock after selling 136 shares during the period. Amazon.com comprises approximately 0.8% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 29th biggest holding. Sigma Investment Counselors Inc.’s holdings in Amazon.com were worth $9,017,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its stake in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $98.12 on Monday. The company has a market capitalization of $1.00 trillion, a P/E ratio of 90.06, a price-to-earnings-growth ratio of 3.12 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. The firm has a 50 day moving average of $90.39 and a 200 day moving average of $110.74. 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 quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of Amazon.com stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total value of $164,604.00. Following the completion of the sale, the director now owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 345 shares of Amazon.com 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 completion of the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Citigroup reduced their price objective on Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Telsey Advisory Group reduced their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Cowen reduced their price objective on Amazon.com from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 11th. Finally, Monness Crespi & Hardt reduced their price objective on Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $146.29.

Amazon.com Company Profile

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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

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

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