Martingale Asset Management L P Sells 47,669 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Martingale Asset Management L P cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,532 shares of the e-commerce giant’s stock after selling 47,669 shares during the period. Amazon.com makes up about 1.1% of Martingale Asset Management L P’s portfolio, making the stock its 8th biggest holding. Martingale Asset Management L P’s holdings in Amazon.com were worth $49,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Carl P. Sherr & Co. LLC increased its position in shares of Amazon.com by 40.6% in the third quarter. Carl P. Sherr & Co. LLC now owns 11,633 shares of the e-commerce giant’s stock worth $2,168,000 after purchasing an additional 3,359 shares during the period. Stockbridge Partners LLC grew its position in Amazon.com by 30.5% in the third quarter. Stockbridge Partners LLC now owns 3,362,417 shares of the e-commerce giant’s stock valued at $626,519,000 after acquiring an additional 786,131 shares during the last quarter. Peterson Wealth Management lifted its holdings in shares of Amazon.com by 8.0% in the third quarter. Peterson Wealth Management now owns 27,165 shares of the e-commerce giant’s stock worth $5,062,000 after acquiring an additional 2,014 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of Amazon.com by 10.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 188,855 shares of the e-commerce giant’s stock valued at $35,190,000 after purchasing an additional 17,903 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its holdings in shares of Amazon.com by 1.7% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 5,243 shares of the e-commerce giant’s stock valued at $976,000 after purchasing an additional 90 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $222.11 on Wednesday. Amazon.com, Inc. has a 52 week low of $146.15 and a 52 week high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $214.48 and a 200-day moving average price of $194.73. The company has a market cap of $2.34 trillion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Oppenheimer lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Tigress Financial increased their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.67.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred 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 transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by insiders.

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.