Sigma Investment Counselors Inc. Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sigma Investment Counselors Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,338 shares of the e-commerce giant’s stock after selling 123 shares during the quarter. Amazon.com makes up 1.2% of Sigma Investment Counselors Inc.’s holdings, making the stock its 14th biggest holding. Sigma Investment Counselors Inc.’s holdings in Amazon.com were worth $8,071,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Clear Investment Research LLC boosted its stake in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC boosted its stake in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $116,000. Lipe & Dalton acquired a new stake in shares of Amazon.com during the first quarter valued at about $124,000. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares in the last quarter. 60.62% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com, Inc. (NASDAQ AMZN) traded down $3.78 during midday trading on Friday, reaching $1,125.35. The company had a trading volume of 2,179,900 shares, compared to its average volume of 3,549,393. The stock has a market capitalization of $544,096.38, a P/E ratio of 286.58, a PEG ratio of 14.08 and a beta of 1.45. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,135.54.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter last year, the firm posted $0.52 earnings per share. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. sell-side analysts anticipate that Amazon.com, Inc. will post 4.26 earnings per share for the current fiscal year.

A number of equities analysts recently commented on AMZN shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Monness Crespi & Hardt raised Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 price objective on the stock in a research note on Friday, October 27th. Cowen and Company reaffirmed an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a research note on Thursday, August 10th. Zacks Investment Research lowered Amazon.com from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Barclays PLC lifted their price objective on Amazon.com from $1,120.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,142.08.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/11/sigma-investment-counselors-inc-decreases-holdings-in-amazon-com-inc-amzn.html.

In other news, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the transaction, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total value of $697,035.40. Following the completion of the transaction, the chief executive officer now owns 15,312 shares in the company, valued at $15,032,402.88. The disclosure for this sale can be found here. Insiders sold 401,343 shares of company stock worth $441,838,533 over the last 90 days. Company insiders own 17.70% of the company’s stock.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply