Morse Asset Management Inc Sells 1,714 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Morse Asset Management Inc trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,088 shares of the e-commerce giant’s stock after selling 1,714 shares during the quarter. Amazon.com makes up approximately 3.4% of Morse Asset Management Inc’s investment portfolio, making the stock its 4th largest position. Morse Asset Management Inc’s holdings in Amazon.com were worth $15,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Westside Investment Management Inc. increased its holdings in Amazon.com by 1.2% in the 3rd quarter. Westside Investment Management Inc. now owns 54,073 shares of the e-commerce giant’s stock worth $10,047,000 after acquiring an additional 629 shares in the last quarter. Unigestion Holding SA raised its holdings in shares of Amazon.com by 17.4% during the third quarter. Unigestion Holding SA now owns 19,784 shares of the e-commerce giant’s stock valued at $3,686,000 after acquiring an additional 2,928 shares during the last quarter. Second Line Capital LLC lifted its position in shares of Amazon.com by 141.1% in the third quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant’s stock valued at $3,824,000 after acquiring an additional 12,011 shares in the last quarter. TCW Group Inc. boosted its stake in shares of Amazon.com by 2.0% in the third quarter. TCW Group Inc. now owns 2,358,623 shares of the e-commerce giant’s stock worth $439,482,000 after acquiring an additional 46,277 shares during the last quarter. Finally, Hohimer Wealth Management LLC boosted its stake in shares of Amazon.com by 0.5% in the third quarter. Hohimer Wealth Management LLC now owns 37,417 shares of the e-commerce giant’s stock worth $6,972,000 after acquiring an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $220.66 on Friday. Amazon.com, Inc. has a 1 year low of $149.91 and a 1 year high of $233.00. The stock has a market capitalization of $2.32 trillion, a PE ratio of 47.25, a PEG ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50-day simple moving average of $217.35 and a 200-day simple moving average of $195.93.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Moffett Nathanson raised their price objective on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JMP Securities restated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, January 10th. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Susquehanna raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Mizuho upped their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.65.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of 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 ownership of the stock. 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 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 completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. 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.