Commonwealth Equity Services LLC Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Commonwealth Equity Services LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,181,363 shares of the e-commerce giant’s stock after selling 188,344 shares during the period. Amazon.com accounts for 1.5% of Commonwealth Equity Services LLC’s holdings, making the stock its 7th largest holding. Commonwealth Equity Services LLC’s holdings in Amazon.com were worth $965,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. China Universal Asset Management Co. Ltd. raised its position in Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares during the period. Salomon & Ludwin LLC raised its stake in Amazon.com by 5.8% during the first quarter. Salomon & Ludwin LLC now owns 16,563 shares of the e-commerce giant’s stock worth $2,988,000 after buying an additional 901 shares during the last quarter. Smart Money Group LLC grew its stake in Amazon.com by 28.6% during the first quarter. Smart Money Group LLC now owns 5,754 shares of the e-commerce giant’s stock worth $1,007,000 after purchasing an additional 1,279 shares during the period. Finally, Paradigm Strategies in Wealth Management LLC lifted its stake in Amazon.com by 19.9% in the first quarter. Paradigm Strategies in Wealth Management LLC now owns 3,173 shares of the e-commerce giant’s stock valued at $572,000 after buying an additional 527 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.4 %

Amazon.com stock opened at $204.61 on Wednesday. The firm has a 50 day simple moving average of $192.19 and a 200 day simple moving average of $186.06. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1-year low of $141.50 and a 1-year high of $215.90. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 1.36 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.85 EPS. 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 5.27 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction 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 approximately $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMZN shares. Needham & Company LLC boosted their target price on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Barclays raised their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird lifted their price target 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. Wedbush upped their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $235.45.

About Amazon.com

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.