Nachman Norwood & Parrott Inc Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nachman Norwood & Parrott Inc lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,334 shares of the e-commerce giant’s stock after selling 14 shares during the period. Nachman Norwood & Parrott Inc’s holdings in Amazon.com were worth $4,201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HBW Advisory Services LLC increased its position in Amazon.com by 5.5% during the third quarter. HBW Advisory Services LLC now owns 618 shares of the e-commerce giant’s stock valued at $1,946,000 after acquiring an additional 32 shares during the last quarter. First American Trust FSB increased its position in Amazon.com by 2.5% during the third quarter. First American Trust FSB now owns 7,182 shares of the e-commerce giant’s stock valued at $22,614,000 after acquiring an additional 172 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in Amazon.com by 2.0% during the third quarter. Joel Isaacson & Co. LLC now owns 3,040 shares of the e-commerce giant’s stock valued at $9,572,000 after acquiring an additional 59 shares during the last quarter. Sicart Associates LLC increased its position in Amazon.com by 1.1% during the third quarter. Sicart Associates LLC now owns 461 shares of the e-commerce giant’s stock valued at $1,452,000 after acquiring an additional 5 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in Amazon.com by 186.3% during the third quarter. Avantax Advisory Services Inc. now owns 26,229 shares of the e-commerce giant’s stock valued at $82,435,000 after acquiring an additional 17,067 shares during the last quarter. Institutional investors own 57.32% of the company’s stock.

In other news, VP Shelley Reynolds sold 292 shares of Amazon.com stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3,173.12, for a total transaction of $926,551.04. Following the transaction, the vice president now owns 6,281 shares in the company, valued at approximately $19,930,366.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,200 shares of Amazon.com stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3,174.18, for a total value of $3,809,016.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $31,741,800. The disclosure for this sale can be found here. Insiders sold a total of 102,815 shares of company stock worth $324,095,003 in the last 90 days. 16.10% of the stock is currently owned by insiders.

Shares of NASDAQ:AMZN opened at $3,272.71 on Friday. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The firm has a market capitalization of $1,639.27 billion, a price-to-earnings ratio of 125.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.97. The business’s 50 day moving average price is $3,207.58 and its 200-day moving average price is $2,802.40.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a return on equity of 20.47% and a net margin of 4.10%. On average, sell-side analysts expect that Amazon.com, Inc. will post 31.61 earnings per share for the current year.

A number of research analysts have weighed in on the stock. Citigroup boosted their price objective on shares of Amazon.com from $2,700.00 to $3,550.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company upped their price target on shares of Amazon.com from $3,000.00 to $3,600.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Benchmark upped their price target on shares of Amazon.com from $3,675.00 to $3,800.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. SunTrust Banks reaffirmed a “buy” rating and issued a $3,600.00 price objective (up from $3,400.00) on shares of Amazon.com in a research note on Thursday, July 30th. Finally, Mizuho upped their price objective on shares of Amazon.com from $3,700.00 to $4,000.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and forty-nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $3,438.90.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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