Shaker Investments LLC OH Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Shaker Investments LLC OH decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,891 shares of the e-commerce giant’s stock after selling 3,953 shares during the period. Amazon.com comprises approximately 3.3% of Shaker Investments LLC OH’s portfolio, making the stock its 4th biggest holding. Shaker Investments LLC OH’s holdings in Amazon.com were worth $7,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ballew Advisors Inc grew its holdings in shares of Amazon.com by 2.7% in the third quarter. Ballew Advisors Inc now owns 4,457 shares of the e-commerce giant’s stock worth $825,000 after purchasing an additional 116 shares during the last quarter. Professional Financial Advisors LLC grew its holdings in shares of Amazon.com by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 10,473 shares of the e-commerce giant’s stock worth $1,951,000 after purchasing an additional 60 shares during the last quarter. CHICAGO TRUST Co NA boosted its holdings in Amazon.com by 8.2% in the third quarter. CHICAGO TRUST Co NA now owns 52,887 shares of the e-commerce giant’s stock valued at $9,854,000 after acquiring an additional 4,005 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Amazon.com by 2.9% in the third quarter. Exchange Traded Concepts LLC now owns 372,592 shares of the e-commerce giant’s stock valued at $69,425,000 after acquiring an additional 10,581 shares in the last quarter. Finally, Compton Wealth Advisory Group LLC boosted its holdings in Amazon.com by 15.6% in the third quarter. Compton Wealth Advisory Group LLC now owns 35,704 shares of the e-commerce giant’s stock valued at $6,653,000 after acquiring an additional 4,823 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.9 %

Amazon.com stock opened at $208.18 on Friday. The business has a 50-day simple moving average of $187.83 and a two-hundred day simple moving average of $184.62. The company has a market cap of $2.19 trillion, a P/E ratio of 44.58, a P/E/G ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. 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 (NASDAQ:AMZN) last released its quarterly earnings results 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. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Analysts predict that Amazon.com, Inc. will post 5.24 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock worth $10,215,097 in the last three months. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $234.55.

About Amazon.com

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.