White Pine Investment CO Sells 1,149 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

White Pine Investment CO lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,606 shares of the e-commerce giant’s stock after selling 1,149 shares during the quarter. Amazon.com makes up about 1.7% of White Pine Investment CO’s holdings, making the stock its 25th largest position. White Pine Investment CO’s holdings in Amazon.com were worth $4,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in Amazon.com by 2.5% during the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock worth $1,518,000 after acquiring an additional 288 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in Amazon.com during the second quarter worth $123,733,000. Meitav Investment House Ltd. lifted its holdings in Amazon.com by 3.3% during the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after acquiring an additional 20,574 shares during the period. SP Asset Management LLC lifted its holdings in Amazon.com by 2.6% during the second quarter. SP Asset Management LLC now owns 129,316 shares of the e-commerce giant’s stock worth $16,858,000 after acquiring an additional 3,293 shares during the period. Finally, Golden State Equity Partners lifted its holdings in Amazon.com by 162.4% during the second quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock worth $6,168,000 after acquiring an additional 29,281 shares during the period. Institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the completion of the transaction, the chief executive officer now owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares in the company, valued at approximately $9,343,469.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total value of $1,555,317.60. Following the transaction, the chief executive officer now owns 117,904 shares in the company, valued at approximately $17,048,918.40. The disclosure for this sale can be found here. Insiders sold 67,572 shares of company stock valued at $9,639,169 in the last 90 days. Insiders own 12.30% of the company’s stock.

Amazon.com Trading Up 0.7 %

NASDAQ AMZN opened at $146.13 on Tuesday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $147.29. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $133.78 and a 200-day moving average of $130.06. The firm has a market cap of $1.51 trillion, a PE ratio of 75.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.27. The company had revenue of $143.08 billion during the quarter, compared to analyst estimates of $141.53 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $165.00 price target on shares of Amazon.com in a report on Tuesday, October 10th. JMP Securities reissued a “market outperform” rating and issued a $175.00 target price on shares of Amazon.com in a research report on Monday, October 16th. TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research report on Friday, October 27th. Stifel Nicolaus assumed coverage on Amazon.com in a research report on Tuesday, October 17th. They issued a “buy” rating and a $173.00 target price for the company. Finally, Rosenblatt Securities raised their target price on Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.93.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.