Argent Capital Management LLC Sells 19,680 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Argent Capital Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,022,579 shares of the e-commerce giant’s stock after selling 19,680 shares during the quarter. Amazon.com comprises 5.3% of Argent Capital Management LLC’s holdings, making the stock its 2nd largest holding. Argent Capital Management LLC’s holdings in Amazon.com were worth $190,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. American Institute for Advanced Investment Management LLP increased its holdings in shares of Amazon.com by 0.9% during the third quarter. American Institute for Advanced Investment Management LLP now owns 12,312 shares of the e-commerce giant’s stock valued at $2,294,000 after acquiring an additional 105 shares in the last quarter. Mason & Associates Inc increased its holdings in shares of Amazon.com by 4.3% during the third quarter. Mason & Associates Inc now owns 14,003 shares of the e-commerce giant’s stock valued at $2,609,000 after acquiring an additional 576 shares in the last quarter. Yoder Wealth Management Inc. increased its holdings in shares of Amazon.com by 4.7% during the third quarter. Yoder Wealth Management Inc. now owns 6,406 shares of the e-commerce giant’s stock valued at $1,194,000 after acquiring an additional 290 shares in the last quarter. Jackson Wealth Management LLC grew its holdings in Amazon.com by 52.4% during the third quarter. Jackson Wealth Management LLC now owns 26,916 shares of the e-commerce giant’s stock worth $5,015,000 after buying an additional 9,257 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co grew its holdings in Amazon.com by 22.5% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 18,068 shares of the e-commerce giant’s stock worth $3,367,000 after buying an additional 3,323 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $205.74 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.16 trillion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The business’s 50-day moving average price is $194.14 and its 200-day moving average price is $186.66. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on 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 in the company, 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 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Needham & Company LLC upped their price target on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Robert W. Baird upped their price target on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target for the company. in a report on Friday, August 2nd. Redburn Atlantic upped their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada upped their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $236.20.

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.