Manchester Capital Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,008 shares of the e-commerce giant’s stock after selling 60 shares during the quarter. Manchester Capital Management LLC’s holdings in Amazon.com were worth $969,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Whitnell & Co. lifted its position in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares in the last quarter. Vestor Capital LLC lifted its position in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Amazon.com during the 2nd quarter worth approximately $121,000. Archford Capital Strategies LLC raised its position in shares of Amazon.com by 17,242.2% in the 2nd quarter. Archford Capital Strategies LLC now owns 30,002 shares of the e-commerce giant’s stock valued at $127,000 after purchasing an additional 29,829 shares in the last quarter. Finally, Lee Financial Co raised its position in shares of Amazon.com by 285.7% in the 3rd quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock valued at $130,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 59.06% of the company’s stock.
In related news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $11,603,400. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tom A. Alberg sold 835 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,505 shares of company stock valued at $5,253,740. 17.00% of the stock is owned by company insiders.
AMZN has been the topic of a number of recent analyst reports. Loop Capital upped their target price on Amazon.com to $1,600.00 in a research report on Friday, February 2nd. TheStreet raised Amazon.com from a “c+” rating to a “b-” rating in a research report on Tuesday, November 7th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, October 26th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $1,437.43.
Amazon.com, Inc. (AMZN) opened at $1,414.51 on Wednesday. The company has a market capitalization of $671,083.94, a price-to-earnings ratio of 304.00, a P/E/G ratio of 6.10 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 1.04. Amazon.com, Inc. has a 52 week low of $831.45 and a 52 week high of $1,498.00.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm’s revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. analysts anticipate that Amazon.com, Inc. will post 8.49 earnings per share for the current year.
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Amazon.com Company 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.
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