Guardian Capital Advisors LP cut its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 73.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,750 shares of the e-commerce giant’s stock after selling 10,490 shares during the quarter. Guardian Capital Advisors LP’s holdings in Amazon.com were worth $423,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Iron Horse Wealth Management LLC boosted its position in Amazon.com by 4,540.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares in the last quarter. Wells Financial Advisors INC boosted its position in Amazon.com by 1,900.0% in the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares in the last quarter. Knott David M Jr purchased a new stake in Amazon.com in the 2nd quarter worth approximately $32,000. Laurel Wealth Planning LLC raised its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the period. Finally, Baron Financial Group LLC raised its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after buying an additional 342 shares during the period. 57.64% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,394 shares of company stock valued at $6,994,626. Company insiders own 12.70% of the company’s stock.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same period last year, the firm posted $1.39 EPS. Amazon.com’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Moffett Nathanson assumed coverage on Amazon.com in a research note on Tuesday, November 15th. They set an “outperform” rating and a $118.00 target price for the company. Tigress Financial reaffirmed a “buy” rating and set a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. DA Davidson upped their target price on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. JPMorgan Chase & Co. upped their target price on Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Finally, Evercore ISI upped their target price on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $144.87.
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.
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