Amazon.com, Inc. (NASDAQ:AMZN) is Channing Global Advisors LLC’s 3rd Largest Position

Channing Global Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,707 shares of the e-commerce giant’s stock after selling 140 shares during the period. Amazon.com comprises approximately 5.8% of Channing Global Advisors LLC’s holdings, making the stock its 3rd biggest holding. Channing Global Advisors LLC’s holdings in Amazon.com were worth $6,840,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. Vicus Capital grew its stake in shares of Amazon.com by 9.2% during the 2nd quarter. Vicus Capital now owns 25,313 shares of the e-commerce giant’s stock valued at $4,892,000 after buying an additional 2,137 shares during the period. Busey Bank lifted its holdings in shares of Amazon.com by 1.4% during the 2nd quarter. Busey Bank now owns 547,635 shares of the e-commerce giant’s stock valued at $105,831,000 after acquiring an additional 7,824 shares in the last quarter. Iowa State Bank lifted its holdings in shares of Amazon.com by 4.0% during the 2nd quarter. Iowa State Bank now owns 48,957 shares of the e-commerce giant’s stock valued at $9,461,000 after acquiring an additional 1,884 shares in the last quarter. Burns J W & Co. Inc. NY lifted its holdings in Amazon.com by 1.7% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 131,669 shares of the e-commerce giant’s stock worth $25,445,000 after buying an additional 2,176 shares in the last quarter. Finally, First Bancorp Inc ME lifted its holdings in Amazon.com by 5.5% in the 2nd quarter. First Bancorp Inc ME now owns 11,559 shares of the e-commerce giant’s stock worth $2,234,000 after buying an additional 598 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.0 %

Amazon.com stock opened at $222.13 on Thursday. The firm has a market cap of $2.34 trillion, a PE ratio of 47.57, a P/E/G ratio of 1.54 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 firm’s 50 day moving average price is $215.07 and its two-hundred day moving average price is $194.92. Amazon.com, Inc. has a twelve month low of $148.21 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Bank of America upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Scotiabank upped their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Two investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $243.67.

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.