BW Gestao de Investimentos Ltda. Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

BW Gestao de Investimentos Ltda. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 38.8% in the third quarter, Holdings Channel reports. The institutional investor owned 49,681 shares of the e-commerce giant’s stock after selling 31,459 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Amazon.com were worth $5,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AMZN. Fiduciary Planning LLC increased its position in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC increased its position in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. increased its position in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. increased its position in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners increased its position in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Wells Fargo & Company decreased their price objective on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Moffett Nathanson started coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price objective on the stock. Raymond James reduced their price target on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. UBS Group reduced their price target on shares of Amazon.com from $165.00 to $125.00 in a research report on Wednesday, January 4th. Finally, Rosenblatt Securities reduced their price target on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Monday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $146.29.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 345 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 345 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The disclosure for this sale can be found here. Insiders sold a total of 52,428 shares of company stock valued at $5,077,578 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Down 2.1 %

AMZN opened at $96.05 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a market capitalization of $979.87 billion, a PE ratio of 88.16, a PEG ratio of 3.09 and a beta of 1.22. The firm’s 50 day simple moving average is $90.67 and its two-hundred day simple moving average is $110.59.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current year.

About Amazon.com

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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.