Sigma Planning Corp lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 358,094 shares of the e-commerce giant's stock after selling 10,518 shares during the period. Amazon.com accounts for approximately 2.0% of Sigma Planning Corp's investment portfolio, making the stock its 6th biggest holding. Sigma Planning Corp's holdings in Amazon.com were worth $66,724,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AMZN. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock valued at $594,000 after buying an additional 55 shares during the period. O Connor Financial Group LLC grew its holdings in shares of Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after acquiring an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC increased its stake in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after acquiring an additional 55 shares during the last quarter. Cedar Point Capital Partners LLC raised its holdings 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 worth $247,000 after acquiring an additional 56 shares in the last quarter. Finally, Mason & Associates Inc raised its holdings in shares of Amazon.com by 0.4% during the second quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant's stock worth $2,595,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
Analyst Ratings Changes
AMZN has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Wedbush raised their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Evercore ISI lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Mizuho increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $243.00.
View Our Latest Stock Report on Amazon.com
Amazon.com Stock Up 0.7 %
AMZN traded up $1.63 during trading on Friday, hitting $224.92. The company had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. The company has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The firm's 50-day moving average price is $205.83 and its 200 day moving average price is $191.30.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. The firm's revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.
Insider Activity at Amazon.com
In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company's stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by insiders.
About Amazon.com
(
Free Report)
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.
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