Amazon.com, Inc. (NASDAQ:AMZN) is Perigon Wealth Management LLC’s 5th Largest Position

Perigon Wealth Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 432,424 shares of the e-commerce giant’s stock after selling 19,740 shares during the period. Amazon.com comprises about 2.1% of Perigon Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Perigon Wealth Management LLC’s holdings in Amazon.com were worth $80,574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its stake in Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares during the period. Schear Investment Advisers LLC raised its position in shares of Amazon.com by 6.2% during the 1st quarter. Schear Investment Advisers LLC now owns 22,037 shares of the e-commerce giant’s stock worth $3,975,000 after purchasing an additional 1,287 shares during the last quarter. Smith Shellnut Wilson LLC ADV lifted its holdings in Amazon.com by 2.6% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 6,155 shares of the e-commerce giant’s stock valued at $1,110,000 after purchasing an additional 156 shares in the last quarter. Paces Ferry Wealth Advisors LLC grew its stake in Amazon.com by 0.4% in the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 31,010 shares of the e-commerce giant’s stock worth $5,594,000 after acquiring an additional 117 shares during the period. Finally, High Note Wealth LLC increased its stake in Amazon.com by 6.0% in the first quarter. High Note Wealth LLC now owns 42,297 shares of the e-commerce giant’s stock valued at $7,629,000 after purchasing an additional 2,401 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $202.61 on Friday. The firm has a 50 day simple moving average of $191.16 and a two-hundred day simple moving average of $185.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.13 trillion, a PE ratio of 43.39, a P/E/G ratio of 1.44 and a beta of 1.14. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% 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 last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Morgan Stanley raised their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Royal Bank of Canada upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Susquehanna raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Benchmark increased their price target on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.45.

About Amazon.com

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.