Private Harbour Investment Management & Counsel LLC Sells 1,170 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Private Harbour Investment Management & Counsel LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,828 shares of the e-commerce giant’s stock after selling 1,170 shares during the period. Amazon.com makes up about 3.1% of Private Harbour Investment Management & Counsel LLC’s investment portfolio, making the stock its 12th largest position. Private Harbour Investment Management & Counsel LLC’s holdings in Amazon.com were worth $2,949,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its position in Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares during the last quarter. Schear Investment Advisers LLC grew its holdings in shares of Amazon.com by 6.2% in the first quarter. Schear Investment Advisers LLC now owns 22,037 shares of the e-commerce giant’s stock worth $3,975,000 after purchasing an additional 1,287 shares during the last quarter. Smith Shellnut Wilson LLC ADV increased its stake in Amazon.com by 2.6% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 6,155 shares of the e-commerce giant’s stock worth $1,110,000 after buying an additional 156 shares during the period. Paces Ferry Wealth Advisors LLC lifted its holdings in Amazon.com by 0.4% during the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 31,010 shares of the e-commerce giant’s stock valued at $5,594,000 after buying an additional 117 shares in the last quarter. Finally, High Note Wealth LLC boosted its position in Amazon.com by 6.0% in the 1st quarter. High Note Wealth LLC now owns 42,297 shares of the e-commerce giant’s stock valued at $7,629,000 after buying an additional 2,401 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. UBS Group raised their target price on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a report on Friday, August 2nd. TD Cowen upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Stock Down 4.2 %

NASDAQ:AMZN opened at $202.61 on Friday. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. The company’s fifty day moving average price is $191.16 and its 200-day moving average price is $185.69. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.