Renaissance Investment Group LLC Sells 982 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Renaissance Investment Group LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 20.0% during the third quarter, HoldingsChannel reports. The firm owned 3,938 shares of the e-commerce giant’s stock after selling 982 shares during the quarter. Renaissance Investment Group LLC’s holdings in Amazon.com were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.

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

Amazon.com Trading Down 1.9 %

NASDAQ AMZN opened at $93.68 on Friday. The company has a market cap of $955.69 billion, a PE ratio of 85.98, a PEG ratio of 3.09 and a beta of 1.22. 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 12 month low of $81.43 and a 12 month high of $170.83. The stock has a 50 day moving average of $90.79 and a 200-day moving average of $110.37.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 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 analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMZN shares. Needham & Company LLC reduced their price target on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Tigress Financial reduced their price target on shares of Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, November 2nd. The Goldman Sachs Group dropped their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a report on Friday, January 13th. New Street Research initiated coverage on Amazon.com in a report on Wednesday, January 4th. They set a “buy” rating and a $130.00 price objective for the company. Finally, UBS Group dropped their price objective on Amazon.com from $165.00 to $125.00 in a report on Wednesday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.87.

Insider Activity

In related news, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction 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 owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction 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 owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 owns 112,795 shares in the company, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,428 shares of company stock valued at $5,077,578. 12.70% of the stock is owned by insiders.

Amazon.com Company Profile

(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.

Further Reading

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

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