Marquette Asset Management LLC Sells 720 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Marquette Asset Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 83.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140 shares of the e-commerce giant’s stock after selling 720 shares during the quarter. Marquette Asset Management LLC’s holdings in Amazon.com were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMZN. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Swedbank AB acquired a new position in shares of Amazon.com during the first quarter valued at $2,239,757,000. Capital World Investors raised its stake in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after acquiring an additional 3,903,889 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 9,490 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the sale, the senior vice president now directly owns 64,610 shares of the company’s stock, valued at $11,686,656.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,855 shares of company stock worth $9,215,048. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Cowen boosted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday. Monness Crespi & Hardt increased their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wedbush upped their target price on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $246.48.

Amazon.com Stock Performance

Shares of AMZN stock opened at $195.78 on Tuesday. Amazon.com, Inc. has a one year low of $138.36 and a one year high of $201.20. The business’s 50 day simple moving average is $185.23 and its 200 day simple moving average is $183.89. The stock has a market capitalization of $2.05 trillion, a PE ratio of 41.92, a PEG ratio of 1.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 4.84 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.