Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,178 shares of the e-commerce giant’s stock after selling 559 shares during the quarter. Agate Pass Investment Management LLC’s holdings in Amazon.com were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in AMZN. Exchange Capital Management Inc. lifted its position in shares of Amazon.com by 2.3% in the first quarter. Exchange Capital Management Inc. now owns 108,620 shares of the e-commerce giant’s stock worth $19,593,000 after purchasing an additional 2,482 shares in the last quarter. Financial Strategies Group Inc. raised its position in Amazon.com by 11.0% during the first quarter. Financial Strategies Group Inc. now owns 41,434 shares of the e-commerce giant’s stock valued at $7,693,000 after acquiring an additional 4,097 shares in the last quarter. Woodmont Investment Counsel LLC raised its position in Amazon.com by 0.4% during the first quarter. Woodmont Investment Counsel LLC now owns 15,572 shares of the e-commerce giant’s stock valued at $2,809,000 after acquiring an additional 65 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Amazon.com by 1.6% during the first quarter. Capital Advisors Ltd. LLC now owns 11,840 shares of the e-commerce giant’s stock valued at $2,136,000 after acquiring an additional 185 shares in the last quarter. Finally, Dash Acquisitions Inc. raised its position in Amazon.com by 3.3% during the first quarter. Dash Acquisitions Inc. now owns 144,524 shares of the e-commerce giant’s stock valued at $26,199,000 after acquiring an additional 4,639 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.4 %

AMZN opened at $210.05 on Friday. The firm’s 50-day simple moving average is $186.48 and its 200-day simple moving average is $184.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The firm has a market cap of $2.21 trillion, a price-to-earnings ratio of 44.98, a PEG ratio of 1.34 and a beta of 1.14.

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 the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for 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%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 5.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the transaction, the senior vice president now directly owns 64,610 shares in the company, valued at approximately $11,686,656.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock worth $10,215,097 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Scotiabank raised their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities raised their price objective 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. Finally, Pivotal Research started coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.55.

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.