Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Decreased by Coastline Trust Co

Share on StockTwits

Coastline Trust Co decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,426 shares of the e-commerce giant’s stock after selling 114 shares during the quarter. Amazon.com makes up 2.6% of Coastline Trust Co’s holdings, making the stock its largest holding. Coastline Trust Co’s holdings in Amazon.com were worth $17,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bowling Portfolio Management LLC lifted its stake in Amazon.com by 10.9% in the 3rd quarter. Bowling Portfolio Management LLC now owns 4,906 shares of the e-commerce giant’s stock worth $15,448,000 after purchasing an additional 483 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Amazon.com by 0.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 86,606 shares of the e-commerce giant’s stock worth $272,699,000 after purchasing an additional 406 shares in the last quarter. FormulaFolio Investments LLC lifted its stake in Amazon.com by 8.6% in the 3rd quarter. FormulaFolio Investments LLC now owns 2,249 shares of the e-commerce giant’s stock worth $7,082,000 after purchasing an additional 178 shares in the last quarter. Gleason Group Inc. lifted its stake in Amazon.com by 5.1% in the 3rd quarter. Gleason Group Inc. now owns 82 shares of the e-commerce giant’s stock worth $258,000 after purchasing an additional 4 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC lifted its stake in Amazon.com by 50.2% in the 3rd quarter. Gyroscope Capital Management Group LLC now owns 476 shares of the e-commerce giant’s stock worth $1,499,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 57.32% of the company’s stock.

In related news, CEO Jeffrey A. Wilke sold 750 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total transaction of $2,478,210.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $33,042,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Indra K. Nooyi bought 8 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were purchased at an average cost of $3,208.60 per share, with a total value of $25,668.80. Following the transaction, the director now directly owns 826 shares of the company’s stock, valued at $2,650,303.60. The disclosure for this purchase can be found here. Insiders have sold 102,815 shares of company stock valued at $324,095,003 in the last three months. 16.10% of the stock is currently owned by corporate insiders.

Shares of AMZN opened at $3,272.71 on Friday. The company has a 50 day moving average price of $3,207.58 and a 200-day moving average price of $2,802.40. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,552.25. The stock has a market capitalization of $1,639.27 billion, a PE ratio of 125.83, a PEG ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the consensus estimate of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. The firm had revenue of $88.91 billion during the quarter, compared to analysts’ expectations of $81.56 billion. Equities research analysts forecast that Amazon.com, Inc. will post 31.61 EPS for the current year.

A number of analysts have recently weighed in on the stock. Wolfe Research restated a “buy” rating and issued a $3,500.00 target price on shares of Amazon.com in a report on Wednesday, September 9th. BMO Capital Markets boosted their target price on shares of Amazon.com from $2,850.00 to $3,500.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Citigroup boosted their target price on shares of Amazon.com from $2,700.00 to $3,550.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Credit Suisse Group boosted their target price on shares of Amazon.com from $3,400.00 to $3,680.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Morgan Stanley reduced their target price on shares of Amazon.com from $3,750.00 to $3,740.00 and set an “overweight” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $3,438.90.

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.

Further Reading: How accurate is the Rule of 72?

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Capital Investment Counsel Inc Boosts Stock Position in iShares S&P 500 ETF
Capital Investment Counsel Inc Boosts Stock Position in iShares S&P 500 ETF
Intel Co.  Shares Purchased by Archford Capital Strategies LLC
Intel Co. Shares Purchased by Archford Capital Strategies LLC
Archford Capital Strategies LLC Raises Stock Holdings in Facebook, Inc.
Archford Capital Strategies LLC Raises Stock Holdings in Facebook, Inc.
Gateway Investment Advisers LLC Has $178.50 Million Holdings in Alphabet Inc
Gateway Investment Advisers LLC Has $178.50 Million Holdings in Alphabet Inc
Cwm LLC Has $36.18 Million Stock Holdings in The Procter & Gamble Company
Cwm LLC Has $36.18 Million Stock Holdings in The Procter & Gamble Company
The Procter & Gamble Company  Shares Sold by Pacer Advisors Inc.
The Procter & Gamble Company Shares Sold by Pacer Advisors Inc.


 
© 2006-2020 Zolmax.