Arden Trust Co Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Arden Trust Co trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,938 shares of the e-commerce giant’s stock after selling 478 shares during the quarter. Arden Trust Co’s holdings in Amazon.com were worth $2,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Stone Asset Management Inc. grew its position in shares of Amazon.com by 4.1% in the 3rd quarter. Stone Asset Management Inc. now owns 5,020 shares of the e-commerce giant’s stock worth $567,000 after buying an additional 200 shares during the last quarter. Refined Wealth Management raised its stake in Amazon.com by 1.5% during the third quarter. Refined Wealth Management now owns 47,639 shares of the e-commerce giant’s stock valued at $5,383,000 after buying an additional 718 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its stake in shares of Amazon.com by 3.7% in the third quarter. Beacon Investment Advisory Services Inc. now owns 88,166 shares of the e-commerce giant’s stock worth $9,963,000 after purchasing an additional 3,169 shares during the last quarter. Consilio Wealth Advisors LLC increased its position in Amazon.com by 44.3% during the third quarter. Consilio Wealth Advisors LLC now owns 30,014 shares of the e-commerce giant’s stock valued at $3,392,000 after acquiring an additional 9,221 shares during the last quarter. Finally, Mcrae Capital Management Inc. increased its position in Amazon.com by 16.3% during the third quarter. Mcrae Capital Management Inc. now owns 2,860 shares of the e-commerce giant’s stock valued at $323,000 after acquiring an additional 400 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Telsey Advisory Group cut their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. New Street Research initiated coverage on Amazon.com in a research report on Wednesday. They set a “buy” rating and a $130.00 price objective on the stock. Robert W. Baird decreased their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Cowen increased their price target on Amazon.com from $150.00 to $160.00 in a report on Thursday, December 1st. Finally, Raymond James reduced their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $147.12.

Insider Activity

In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 8,380 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $787,720.00. Following the completion of the sale, the senior vice president now owns 76,980 shares in the company, valued at $7,236,120. The disclosure for this sale can be found here. Insiders have sold 52,948 shares of company stock worth $5,135,922 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $86.08 on Friday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $878.16 billion, a PE ratio of 79.01, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22. The stock’s 50-day moving average price is $90.51 and its 200-day moving average price is $111.38.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same quarter last year, the business earned $0.31 earnings per share. Amazon.com’s revenue was up 14.7% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 0.69 EPS for the current fiscal year.

Amazon.com Profile

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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.

Further Reading

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

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