Los Angeles Capital Management LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Los Angeles Capital Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,059,263 shares of the e-commerce giant's stock after selling 1,618,957 shares during the quarter. Amazon.com accounts for about 3.8% of Los Angeles Capital Management LLC's investment portfolio, making the stock its 4th largest holding. Los Angeles Capital Management LLC's holdings in Amazon.com were worth $942,692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock worth $594,000 after acquiring an additional 55 shares during the last quarter. O Connor Financial Group LLC grew its position in Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock worth $473,000 after purchasing an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC increased its holdings in shares of Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after purchasing an additional 55 shares during the period. Cedar Point Capital Partners LLC raised its position in shares of Amazon.com by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock valued at $247,000 after buying an additional 56 shares during the last quarter. Finally, Mason & Associates Inc lifted its stake in shares of Amazon.com by 0.4% in the second quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant's stock valued at $2,595,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on AMZN shares. Tigress Financial upped their price target on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a report on Friday. BMO Capital Markets restated an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $243.00.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company's stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Up 0.7 %

Amazon.com stock traded up $1.63 during mid-day trading on Friday, hitting $224.92. 87,060,734 shares of the company's stock were exchanged, compared to its average volume of 41,415,395. The company's 50 day simple moving average is $205.83 and its 200-day simple moving average is $191.38. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00.

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

Amazon.com 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.