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.
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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.
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.
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