Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Guardian Capital Advisors LP

Guardian Capital Advisors LP decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 73.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,750 shares of the e-commerce giant’s stock after selling 10,490 shares during the period. Guardian Capital Advisors LP’s holdings in Amazon.com were worth $423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp grew its holdings in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC increased its stake in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Northern Trust Corp increased its stake in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Amazon.com by 1,944.4% during the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after purchasing an additional 57,043,701 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Stock Down 1.8 %

AMZN opened at $92.25 on Friday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $945.31 billion, a price-to-earnings ratio of -341.67, a P/E/G ratio of 3.86 and a beta of 1.25. The business has a 50 day moving average of $95.71 and a 200-day moving average of $103.29.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total value of $707,574.40. Following the transaction, the chief executive officer now owns 564,298 shares of the company’s stock, valued at $53,551,880.20. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 over the last ninety days. 12.70% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Credit Suisse Group upped their price objective on shares of Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a report on Friday, February 3rd. Morgan Stanley upped their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Rosenblatt Securities upped their price objective on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.87.

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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.