Amazon.com, Inc. (AMZN) Shares Sold by Morse Asset Management Inc

Morse Asset Management Inc lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,204 shares of the e-commerce giant’s stock after selling 636 shares during the period. Amazon.com makes up 5.5% of Morse Asset Management Inc’s holdings, making the stock its biggest position. Morse Asset Management Inc’s holdings in Amazon.com were worth $18,462,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMZN. Wedbush Securities Inc. grew its position in Amazon.com by 1.3% during the third quarter. Wedbush Securities Inc. now owns 7,737 shares of the e-commerce giant’s stock valued at $7,438,000 after buying an additional 101 shares during the period. Smith Chas P & Associates PA Cpas grew its position in Amazon.com by 32.8% during the third quarter. Smith Chas P & Associates PA Cpas now owns 405 shares of the e-commerce giant’s stock valued at $389,000 after buying an additional 100 shares during the period. Decatur Capital Management Inc. grew its position in Amazon.com by 6.2% during the third quarter. Decatur Capital Management Inc. now owns 18,847 shares of the e-commerce giant’s stock valued at $18,119,000 after buying an additional 1,096 shares during the period. Ausdal Financial Partners Inc. grew its position in Amazon.com by 12.5% during the third quarter. Ausdal Financial Partners Inc. now owns 1,287 shares of the e-commerce giant’s stock valued at $1,237,000 after buying an additional 143 shares during the period. Finally, Middleton & Co Inc MA grew its position in Amazon.com by 8.9% during the third quarter. Middleton & Co Inc MA now owns 21,054 shares of the e-commerce giant’s stock valued at $20,241,000 after buying an additional 1,713 shares during the period. 59.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up $39.95 during mid-day trading on Friday, reaching $1,429.95. 11,012,011 shares of the company’s stock were exchanged, compared to its average volume of 4,090,000. 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 one year low of $803.00 and a one year high of $1,498.00. The stock has a market capitalization of $689,050.00, a P/E ratio of 231.76, a PEG ratio of 8.37 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.31. The business had revenue of $60.45 billion for the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 EPS. analysts anticipate that Amazon.com, Inc. will post 4.25 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $1,200.00 target price on shares of Amazon.com in a research report on Wednesday, October 11th. Wedbush set a $1,250.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Monday, October 23rd. Morgan Stanley reiterated a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research report on Tuesday, October 10th. Atlantic Securities reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. Finally, DA Davidson lifted their target price on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Six equities research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,385.74.

In other news, Director Tom A. Alberg sold 1,860 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the sale, the director now directly owns 18,460 shares of the company’s stock, valued at approximately $20,475,832. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tom A. Alberg sold 870 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total transaction of $1,000,500.00. Following the completion of the sale, the director now directly owns 17,949 shares in the company, valued at $20,641,350. The disclosure for this sale can be found here. Insiders sold a total of 11,228 shares of company stock worth $12,790,082 over the last three months. Insiders own 17.70% of the company’s stock.

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Amazon.com Profile

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)

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