Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Peak Financial Advisors LLC

Peak Financial Advisors LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,467 shares of the e-commerce giant’s stock after selling 9,627 shares during the quarter. Amazon.com comprises approximately 3.0% of Peak Financial Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Peak Financial Advisors LLC’s holdings in Amazon.com were worth $2,426,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMZN. Bellecapital International Ltd. lifted its holdings in shares of Amazon.com by 1,993.8% in the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after purchasing an additional 67,270 shares in the last quarter. Bouchey Financial Group Ltd raised its stake in shares of Amazon.com by 2,027.5% during the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Amazon.com by 1.0% during the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock worth $172,544,000 after purchasing an additional 15,640 shares during the period. Ervin Investment Management LLC raised its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares during the period. Finally, Csenge Advisory Group increased its holdings in Amazon.com by 2,077.0% in the 2nd quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant’s stock worth $7,235,000 after acquiring an additional 64,990 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 in the last ninety days. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $93.68 on Friday. The stock has a market capitalization of $955.69 billion, a PE ratio of 85.98, a P/E/G ratio of 3.09 and a beta of 1.22. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The business has a 50 day simple moving average of $90.79 and a two-hundred day simple moving average of $110.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMZN. Telsey Advisory Group reduced their target price on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Moffett Nathanson started coverage on Amazon.com in a research report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price target for the company. Cowen boosted their target price on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. Needham & Company LLC dropped their target price on Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, DA Davidson dropped their target price on Amazon.com to $114.00 in a research report on Thursday, December 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $145.87.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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