Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc cut its stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,104 shares of the e-commerce giant’s stock after selling 6,786 shares during the quarter. Amazon.com makes up approximately 3.2% of Capital Investment Counsel Inc’s investment portfolio, making the stock its 5th largest holding. Capital Investment Counsel Inc’s holdings in Amazon.com were worth $10,973,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Fiduciary Planning LLC increased its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its position in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its position in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners boosted its holdings in Amazon.com by 3.7% during the 1st 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 period. 57.64% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $97.25 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $90.72 and its two-hundred day moving average is $110.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The stock has a market capitalization of $992.11 billion, a price-to-earnings ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. During the same period last year, the firm earned $0.31 EPS. Amazon.com’s revenue was up 14.7% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMZN. Morgan Stanley cut their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Wells Fargo & Company dropped their target price on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Benchmark lowered their price target on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Piper Sandler lowered their price target on Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 22nd. Finally, Cowen increased their price target on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.87.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock valued at $5,077,578 in the last quarter. 12.70% of the stock is currently owned by company insiders.

About Amazon.com

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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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