Moody Lynn & Lieberson LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Moody Lynn & Lieberson LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the 3rd quarter, Holdings Channel reports. The firm owned 172,119 shares of the e-commerce giant’s stock after selling 4,914 shares during the period. Amazon.com makes up about 1.9% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 17th largest holding. Moody Lynn & Lieberson LLC’s holdings in Amazon.com were worth $19,449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in shares of Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC raised its stake in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Northern Trust Corp raised its stake in shares of Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Amazon.com by 1,944.4% during the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after purchasing an additional 57,043,701 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Down 1.9 %

Amazon.com stock opened at $93.68 on Friday. The business has a fifty day moving average of $90.79 and a two-hundred day moving average of $110.37. The firm has a market cap of $955.69 billion, a P/E ratio of 85.98, a P/E/G ratio of 3.09 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83.

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 net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same period in the previous year, the company earned $0.31 earnings per share. Amazon.com’s revenue was up 14.7% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 345 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,428 shares of company stock valued at $5,077,578. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMZN shares. Barclays decreased their price objective on Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. The Goldman Sachs Group decreased their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. UBS Group decreased their price objective on Amazon.com from $165.00 to $125.00 in a research note on Wednesday, January 4th. Atlantic Securities decreased their price objective on Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Finally, Erste Group Bank lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.87.

Amazon.com Company Profile

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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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