Arlington Partners LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104 shares of the e-commerce giant’s stock after selling 9 shares during the quarter. Arlington Partners LLC’s holdings in Amazon.com were worth $181,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Enterprise Trust & Investment Co bought a new position in shares of Amazon.com during the 2nd quarter worth $27,000. Phocas Financial Corp. bought a new position in shares of Amazon.com during the 2nd quarter worth $45,000. Litman Gregory Asset Management LLC bought a new position in shares of Amazon.com during the 2nd quarter worth $53,000. Cerebellum GP LLC grew its stake in shares of Amazon.com by 18.0% during the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock worth $69,000 after acquiring an additional 9 shares during the period. Finally, Clear Investment Research LLC grew its stake in shares of Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 55.73% of the company’s stock.
Amazon.com stock opened at $1,757.51 on Monday. The stock has a market cap of $884.19 billion, a PE ratio of 87.26, a price-to-earnings-growth ratio of 2.31 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a one year low of $1,307.00 and a one year high of $2,035.80. The stock has a fifty day moving average of $1,774.14 and a 200 day moving average of $1,846.58.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The firm had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $5.07 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 23.6 EPS for the current fiscal year.
Several research analysts have commented on AMZN shares. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Friday, July 26th. Loop Capital set a $2,380.00 price target on Amazon.com and gave the company a “buy” rating in a report on Monday, July 15th. Wells Fargo & Co raised their price objective on Amazon.com from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Bank of America reissued a “buy” rating and set a $2,350.00 price objective (up from $2,300.00) on shares of Amazon.com in a report on Friday, July 26th. Finally, Mizuho restated a “buy” rating and set a $2,200.00 price target (up from $2,080.00) on shares of Amazon.com in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $2,242.82.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total transaction of $5,173,028.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,475,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey M. Blackburn sold 7,144 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $1,791.40, for a total value of $12,797,761.60. Following the completion of the transaction, the senior vice president now directly owns 56,011 shares of the company’s stock, valued at approximately $100,338,105.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,443 shares of company stock valued at $40,205,835. 16.10% of the stock is owned by company insiders.
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.
Featured Article: Fundamental Analysis
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (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.