Pennant Select LLC Sells 21,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pennant Select LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,500 shares of the e-commerce giant’s stock after selling 21,500 shares during the quarter. Amazon.com comprises 12.5% of Pennant Select LLC’s investment portfolio, making the stock its 2nd biggest position. Pennant Select LLC’s holdings in Amazon.com were worth $17,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Carl P. Sherr & Co. LLC boosted its position in Amazon.com by 40.6% during 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 acquiring an additional 3,359 shares during the last quarter. Stockbridge Partners LLC boosted its holdings in Amazon.com by 30.5% in the 3rd quarter. Stockbridge Partners LLC now owns 3,362,417 shares of the e-commerce giant’s stock valued at $626,519,000 after purchasing an additional 786,131 shares during the last quarter. Peterson Wealth Management boosted its holdings in Amazon.com by 8.0% in the 3rd quarter. Peterson Wealth Management now owns 27,165 shares of the e-commerce giant’s stock valued at $5,062,000 after purchasing an additional 2,014 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in 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 during the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its holdings in Amazon.com by 1.7% in 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 and hedge funds.

Amazon.com Stock Up 0.0 %

Shares of NASDAQ:AMZN opened at $222.13 on Thursday. The stock has a market cap of $2.34 trillion, a P/E ratio of 47.57, a P/E/G ratio of 1.54 and a beta of 1.14. 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, Inc. has a 1-year low of $148.21 and a 1-year high of $233.00. The firm has a fifty day moving average price of $215.07 and a 200 day moving average price of $194.92.

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, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a report on Wednesday, November 20th. Roth Mkm boosted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.67.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated 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 owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % 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 worth $1,253,456,822. 10.80% of the stock is owned by insiders.

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.