Pointe Capital Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 636 shares of the e-commerce giant’s stock after selling 16 shares during the quarter. Amazon.com accounts for approximately 1.8% of Pointe Capital Management LLC’s portfolio, making the stock its 14th largest holding. Pointe Capital Management LLC’s holdings in Amazon.com were worth $2,003,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Lountzis Asset Management LLC purchased a new position in shares of Amazon.com during the second quarter valued at approximately $28,000. Newfound Research LLC acquired a new stake in shares of Amazon.com in the third quarter worth $41,000. Rocky Mountain Advisers LLC acquired a new stake in Amazon.com during the 3rd quarter valued at $54,000. James Investment Research Inc. acquired a new stake in Amazon.com during the 2nd quarter valued at $55,000. Finally, Davis Capital Management grew its holdings in Amazon.com by 11.4% during the 2nd quarter. Davis Capital Management now owns 39 shares of the e-commerce giant’s stock valued at $108,000 after purchasing an additional 4 shares in the last quarter. Institutional investors and hedge funds own 52.82% of the company’s stock.
In other news, CEO Jeffrey A. Wilke sold 1,200 shares of Amazon.com stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $3,114.36, for a total value of $3,737,232.00. Following the transaction, the chief executive officer now owns 8,291 shares of the company’s stock, valued at $25,821,158.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 293 shares of Amazon.com stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $3,085.62, for a total transaction of $904,086.66. Following the completion of the transaction, the vice president now directly owns 6,282 shares in the company, valued at approximately $19,383,864.84. The disclosure for this sale can be found here. In the last three months, insiders sold 12,441 shares of company stock worth $38,485,392. Insiders own 16.10% of the company’s stock.
A number of research analysts have recently issued reports on AMZN shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $4,000.00 to $4,050.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Amazon.com from $3,550.00 to $3,600.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Credit Suisse Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, November 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $4,050.00 to $4,100.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, October 30th. Four research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average price target of $3,580.13.
NASDAQ:AMZN opened at $3,099.40 on Friday. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,552.25. The firm has a market cap of $1,555.13 billion, a price-to-earnings ratio of 90.76, a P/E/G ratio of 3.21 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $3,195.50 and its 200-day moving average is $2,974.12.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 EPS for the quarter, beating the Zacks’ consensus estimate of $7.41 by $4.96. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The company had revenue of $96.15 billion for the quarter, compared to analyst estimates of $92.56 billion. During the same quarter last year, the firm posted $4.23 earnings per share. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 33.77 EPS for the current fiscal year.
Amazon.com Company Profile
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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