WCM Investment Management LLC Sells 102,765 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

WCM Investment Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,872,689 shares of the e-commerce giant's stock after selling 102,765 shares during the period. Amazon.com makes up about 2.5% of WCM Investment Management LLC's portfolio, making the stock its 17th biggest position. WCM Investment Management LLC owned about 0.06% of Amazon.com worth $1,103,889,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Foundations Investment Advisors LLC grew its holdings in shares of Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Umpqua Bank boosted its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after purchasing an additional 137 shares during the last quarter. BayBridge Capital Group LLC grew its holdings in Amazon.com by 51.8% during the 3rd quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant's stock worth $2,677,000 after acquiring an additional 4,905 shares during the period. Zhang Financial LLC grew its stake in Amazon.com by 12.9% during the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock worth $9,520,000 after purchasing an additional 5,828 shares during the period. Finally, Washington Trust Advisors Inc. grew its position in shares of Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock worth $41,972,000 after buying an additional 982 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMZN. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Morgan Stanley boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Wells Fargo & Company reissued an "equal weight" rating and set a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $243.00.

Amazon.com Trading Up 0.7 %

AMZN stock traded up $1.63 during trading on Friday, hitting $224.92. 87,060,734 shares of the company traded hands, compared to its average volume of 41,415,395. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The firm has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a 50-day moving average of $205.83 and a 200-day moving average of $191.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the business posted $0.85 earnings per share. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company's stock.

Amazon.com Company Profile

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.