Mainstay Capital Management LLC ADV reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 261 shares of the e-commerce giant’s stock after selling 20 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Amazon.com were worth $483,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Macroview Investment Management LLC lifted its position in shares of Amazon.com by 166.7% in the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 10 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of Amazon.com by 533.3% during the 4th quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after acquiring an additional 16 shares in the last quarter. Phocas Financial Corp. acquired a new position in shares of Amazon.com during the 2nd quarter worth about $45,000. Pflug Koory LLC boosted its position in shares of Amazon.com by 30.8% during the 4th quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after acquiring an additional 8 shares in the last quarter. Finally, Financial Advantage Inc. boosted its position in shares of Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after acquiring an additional 8 shares in the last quarter. 56.40% of the stock is currently owned by institutional investors.
In other Amazon.com news, Director Judith A. Mcgrath sold 304 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the sale, the director now owns 2,324 shares in the company, valued at approximately $4,066,790.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Wilke sold 200 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $1,865.34, for a total value of $373,068.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,653,400. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,196 shares of company stock worth $17,869,618. 16.10% of the stock is owned by insiders.
AMZN has been the subject of several analyst reports. Piper Jaffray Companies lowered their price objective on Amazon.com from $2,225.00 to $2,150.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Jefferies Financial Group set a $2,300.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada reduced their price objective on Amazon.com to $2,500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $2,200.00 target price on shares of Amazon.com in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $2,177.07.
Shares of NASDAQ:AMZN opened at $1,864.72 on Tuesday. The business’s fifty day moving average price is $1,824.16 and its two-hundred day moving average price is $1,817.05. The stock has a market cap of $924.53 billion, a PE ratio of 82.58, a price-to-earnings-growth ratio of 2.59 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a one year low of $1,566.76 and a one year high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). The company had revenue of $69.98 billion for the quarter, compared to analyst estimates of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. Amazon.com’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company posted $5.75 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 20.51 earnings per share for the current fiscal year.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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