Precision Wealth Strategies LLC Has $621,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Precision Wealth Strategies LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 42.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,180 shares of the e-commerce giant’s stock after selling 3,873 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Amazon.com were worth $621,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMZN. State Street Corp raised its position in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 1,838.8% in 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 buying an additional 295,880,050 shares during the last quarter. FMR LLC raised its position in Amazon.com by 1,792.4% in 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 buying an additional 270,931,640 shares during the last quarter. Northern Trust Corp raised its position in Amazon.com by 1,867.0% in 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 buying an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Amazon.com by 1,944.4% in 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 buying an additional 57,043,701 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $93.68 on Friday. The business’s 50-day moving average price is $90.79 and its two-hundred day moving average price is $110.37. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The stock has a market cap of $955.69 billion, a P/E ratio of 85.98, a PEG 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 (NASDAQ:AMZNGet 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 net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same period in the previous year, the business earned $0.31 EPS. The business’s revenue was up 14.7% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction dated 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 directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction dated 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 directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 15,240 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $1,432,560.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $4,606,000. 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. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMZN shares. Credit Suisse Group lowered their price target on Amazon.com from $159.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. MKM Partners lowered their price target on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday. Wedbush lowered their price target on Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Raymond James lowered their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Robert W. Baird reduced their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Two 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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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