Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Cut by Morse Asset Management Inc

Morse Asset Management Inc cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,288 shares of the e-commerce giant’s stock after selling 1,514 shares during the period. Amazon.com accounts for 3.4% of Morse Asset Management Inc’s holdings, making the stock its 4th biggest position. Morse Asset Management Inc’s holdings in Amazon.com were worth $15,705,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Motley Fool Asset Management LLC lifted its holdings in Amazon.com by 15.1% during the third quarter. Motley Fool Asset Management LLC now owns 439,669 shares of the e-commerce giant’s stock valued at $81,396,000 after purchasing an additional 57,545 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in Amazon.com by 20.1% during the third quarter. IHT Wealth Management LLC now owns 242,035 shares of the e-commerce giant’s stock valued at $45,077,000 after purchasing an additional 40,470 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in Amazon.com by 2.0% during the third quarter. Ingalls & Snyder LLC now owns 186,100 shares of the e-commerce giant’s stock valued at $34,676,000 after purchasing an additional 3,714 shares in the last quarter. Intrepid Capital Management Inc. lifted its holdings in Amazon.com by 3.4% during the third quarter. Intrepid Capital Management Inc. now owns 8,585 shares of the e-commerce giant’s stock valued at $1,600,000 after purchasing an additional 284 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in Amazon.com by 3.9% during the third quarter. Integrated Wealth Concepts LLC now owns 374,376 shares of the e-commerce giant’s stock valued at $69,758,000 after purchasing an additional 13,953 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade 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 worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Morgan Stanley increased their target price 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. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Finally, Sanford C. Bernstein increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $243.67.

Amazon.com Trading Down 1.4 %

NASDAQ AMZN opened at $218.94 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00. The stock has a market capitalization of $2.30 trillion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The firm has a 50 day moving average of $216.20 and a two-hundred day moving average of $195.41.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.