Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by Benedetti & Gucer Inc.

Benedetti & Gucer Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 95.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 704 shares of the e-commerce giant’s stock after selling 15,351 shares during the quarter. Amazon.com makes up about 2.2% of Benedetti & Gucer Inc.’s portfolio, making the stock its 8th largest holding. Benedetti & Gucer Inc.’s holdings in Amazon.com were worth $2,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Planning LLC grew its stake 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 buying an additional 5 shares in the last quarter. HBC Financial Services PLLC grew its stake 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 buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake 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 buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. boosted its holdings in 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 purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners boosted its holdings in 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 purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Rosenblatt Securities decreased their target price on Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday, November 14th. Sanford C. Bernstein decreased their target price on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Tigress Financial decreased their target price on Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Evercore ISI decreased their target price on Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, December 19th. Finally, Raymond James decreased their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $145.87.

Amazon.com Stock Performance

NASDAQ AMZN opened at $93.68 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $90.79 and its two-hundred day moving average is $110.37. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The stock has a market capitalization of $955.69 billion, a price-to-earnings ratio of 85.98, a PEG ratio of 3.09 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results 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). 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 for the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the business’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 transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 345 shares of the business’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 transaction of $35,190.00. Following the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of the business’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 value of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,428 shares of company stock worth $5,077,578. Company insiders own 12.70% of the company’s stock.

About Amazon.com

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.