BCM Advisors LLC Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

BCM Advisors LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,178 shares of the e-commerce giant’s stock after selling 69 shares during the quarter. BCM Advisors LLC’s holdings in Amazon.com were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of AMZN. Bouvel Investment Partners LLC grew its position in Amazon.com by 0.5% in the third quarter. Bouvel Investment Partners LLC now owns 41,481 shares of the e-commerce giant’s stock worth $7,729,000 after acquiring an additional 197 shares in the last quarter. ROI Financial Advisors LLC boosted its holdings in shares of Amazon.com by 3.6% in the 3rd quarter. ROI Financial Advisors LLC now owns 29,841 shares of the e-commerce giant’s stock worth $5,560,000 after purchasing an additional 1,049 shares in the last quarter. Regal Partners Ltd increased its position in shares of Amazon.com by 7.0% during the 3rd quarter. Regal Partners Ltd now owns 261,036 shares of the e-commerce giant’s stock valued at $48,639,000 after purchasing an additional 17,164 shares during the last quarter. Fortis Capital Management LLC raised its holdings in shares of Amazon.com by 1.9% during the 3rd quarter. Fortis Capital Management LLC now owns 77,815 shares of the e-commerce giant’s stock valued at $14,499,000 after buying an additional 1,457 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its position in Amazon.com by 2.6% in the 3rd quarter. Plato Investment Management Ltd now owns 214,912 shares of the e-commerce giant’s stock worth $40,004,000 after buying an additional 5,503 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark lifted their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Tigress Financial increased their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Maxim Group raised their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Stock Up 1.8 %

Shares of NASDAQ:AMZN opened at $229.05 on Wednesday. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.41 trillion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a fifty day simple moving average of $206.58 and a 200 day simple moving average of $191.74.

Amazon.com (NASDAQ:AMZN) last released 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm 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 company posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

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.