Amazon.com, Inc. (NASDAQ:AMZN) Stake Lessened by Presidio Capital Management LLC

Presidio Capital Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,070 shares of the e-commerce giant’s stock after selling 505 shares during the quarter. Amazon.com accounts for approximately 1.0% of Presidio Capital Management LLC’s holdings, making the stock its 13th biggest position. Presidio Capital Management LLC’s holdings in Amazon.com were worth $1,504,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMZN. Bensler LLC boosted its position in Amazon.com by 0.4% during the 3rd quarter. Bensler LLC now owns 64,566 shares of the e-commerce giant’s stock worth $12,031,000 after acquiring an additional 250 shares during the period. Smith Thornton Advisors LLC lifted its position in shares of Amazon.com by 3.9% in the third quarter. Smith Thornton Advisors LLC now owns 5,205 shares of the e-commerce giant’s stock worth $970,000 after purchasing an additional 195 shares in the last quarter. First National Bank & Trust Co. of Newtown boosted its holdings in shares of Amazon.com by 1.9% during the third quarter. First National Bank & Trust Co. of Newtown now owns 5,261 shares of the e-commerce giant’s stock worth $980,000 after purchasing an additional 100 shares during the period. Winthrop Advisory Group LLC grew its position in Amazon.com by 10.6% during the third quarter. Winthrop Advisory Group LLC now owns 38,451 shares of the e-commerce giant’s stock valued at $7,165,000 after purchasing an additional 3,699 shares in the last quarter. Finally, Vista Capital Partners Inc. grew its position in Amazon.com by 10.3% during the third quarter. Vista Capital Partners Inc. now owns 10,689 shares of the e-commerce giant’s stock valued at $1,992,000 after purchasing an additional 999 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Benchmark lifted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities boosted their target price on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group raised their price target on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Wedbush boosted their price target on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.67.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the 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 approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 2.4 %

NASDAQ AMZN opened at $232.93 on Tuesday. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The stock has a market cap of $2.45 trillion, a PE ratio of 49.88, a PEG ratio of 1.54 and a beta of 1.16. The firm has a 50-day simple moving average of $202.70 and a 200 day simple moving average of $190.16. 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 (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 return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current 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.