Amazon.com, Inc. $AMZN Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,462,488 shares of the e-commerce giant’s stock after selling 190,894 shares during the quarter. Amazon.com accounts for 1.6% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 6th largest holding. Commonwealth Equity Services LLC owned about 0.05% of Amazon.com worth $1,198,415,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMZN. Wilson Asset Management International PTY Ltd. acquired a new position in Amazon.com during the 2nd quarter worth approximately $11,102,000. ARK Investment Management LLC raised its position in shares of Amazon.com by 8.3% during the second quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock worth $250,213,000 after purchasing an additional 86,978 shares during the period. Buckhead Capital Management LLC lifted its holdings in shares of Amazon.com by 16.1% in the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after purchasing an additional 3,948 shares in the last quarter. Flaharty Asset Management LLC lifted its holdings in shares of Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd increased its stake in Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $232.71, for a total transaction of $1,113,284.64. Following the completion of the transaction, the chief executive officer owned 498,182 shares in the company, valued at $115,931,933.22. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 79,734 shares of company stock valued at $18,493,717. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Robert W. Baird set a $285.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Stifel Nicolaus raised their price target on shares of Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company reiterated an “overweight” rating and set a $295.00 price target (up previously from $292.00) on shares of Amazon.com in a research note on Tuesday. Oppenheimer reissued an “outperform” rating and issued a $305.00 price objective (up from $290.00) on shares of Amazon.com in a research note on Monday. Finally, BNP Paribas assumed coverage on Amazon.com in a research report on Monday, November 24th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $296.11.

Amazon.com Trading Up 0.2%

NASDAQ AMZN opened at $234.42 on Wednesday. The stock has a market capitalization of $2.51 trillion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.61 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The business’s fifty day moving average is $227.92 and its 200-day moving average is $223.55.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the firm earned $1.43 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.