Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by Coastline Trust Co

Coastline Trust Co trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,477 shares of the e-commerce giant’s stock after selling 13,400 shares during the period. Amazon.com makes up 2.6% of Coastline Trust Co’s investment portfolio, making the stock its 8th biggest holding. Coastline Trust Co’s holdings in Amazon.com were worth $22,448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Northcape Wealth Management LLC grew its holdings in Amazon.com by 782.1% during the 3rd quarter. Northcape Wealth Management LLC now owns 15,746 shares of the e-commerce giant’s stock valued at $2,934,000 after buying an additional 13,961 shares in the last quarter. First Long Island Investors LLC boosted its position in shares of Amazon.com by 2.3% in the third quarter. First Long Island Investors LLC now owns 296,264 shares of the e-commerce giant’s stock valued at $55,203,000 after acquiring an additional 6,779 shares during the period. Gouws Capital LLC grew its stake in Amazon.com by 0.3% during the third quarter. Gouws Capital LLC now owns 40,366 shares of the e-commerce giant’s stock valued at $7,521,000 after acquiring an additional 125 shares in the last quarter. Bank of Marin increased its holdings in Amazon.com by 1.1% during the 3rd quarter. Bank of Marin now owns 15,880 shares of the e-commerce giant’s stock worth $2,959,000 after acquiring an additional 176 shares during the period. Finally, Valley Wealth Managers Inc. lifted its stake in Amazon.com by 34.4% in the 3rd quarter. Valley Wealth Managers Inc. now owns 21,953 shares of the e-commerce giant’s stock worth $4,091,000 after purchasing an additional 5,619 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.9 %

Shares of Amazon.com stock opened at $227.05 on Friday. The company’s fifty day simple moving average is $209.04 and its two-hundred day simple moving average is $192.55. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. 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 company has a market cap of $2.39 trillion, a P/E ratio of 48.62, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI upped their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Maxim Group lifted their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities lifted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

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.