Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Advisor Resource Council

Advisor Resource Council decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 85.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,438 shares of the e-commerce giant’s stock after selling 93,529 shares during the quarter. Amazon.com accounts for approximately 1.3% of Advisor Resource Council’s portfolio, making the stock its 16th largest holding. Advisor Resource Council’s holdings in Amazon.com were worth $1,857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inverness Counsel LLC NY grew its stake in Amazon.com by 0.7% in the 3rd quarter. Inverness Counsel LLC NY now owns 511,943 shares of the e-commerce giant’s stock valued at $57,850,000 after acquiring an additional 3,669 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in Amazon.com in the 3rd quarter valued at $10,143,000. David J Yvars Group grew its stake in Amazon.com by 261.8% in the 3rd quarter. David J Yvars Group now owns 36,540 shares of the e-commerce giant’s stock valued at $4,129,000 after acquiring an additional 26,440 shares during the period. Riverbridge Partners LLC grew its stake in Amazon.com by 12.2% in the 3rd quarter. Riverbridge Partners LLC now owns 748,752 shares of the e-commerce giant’s stock valued at $84,609,000 after acquiring an additional 81,154 shares during the period. Finally, Galvin Gaustad & Stein LLC grew its stake in Amazon.com by 4.0% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 213,863 shares of the e-commerce giant’s stock valued at $24,167,000 after acquiring an additional 8,281 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, 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 completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Amazon.com news, 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 completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,428 shares of company stock worth $5,077,578. 12.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $97.25 on Friday. The stock has a 50 day moving average price of $90.72 and a 200 day moving average price of $110.28. 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 company has a market capitalization of $992.11 billion, a price-to-earnings ratio of 89.26, a price-to-earnings-growth ratio of 3.09 and a beta of 1.22. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Sanford C. Bernstein lowered their target price on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Needham & Company LLC lowered their target price on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Mizuho lowered their target price on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Finally, Telsey Advisory Group lowered their target price on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading

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

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