Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 812,727 shares of the e-commerce giant’s stock after selling 11,191 shares during the quarter. Amazon.com makes up approximately 3.0% of Peregrine Capital Management LLC’s holdings, making the stock its biggest holding. Peregrine Capital Management LLC’s holdings in Amazon.com were worth $91,838,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fiduciary Planning LLC lifted its stake in shares of Amazon.com by 1.5% during the first 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 during the period. HBC Financial Services PLLC lifted its stake in shares of Amazon.com by 0.8% during the first 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 during the period. Meridian Investment Counsel Inc. lifted its stake in shares of Amazon.com by 3.4% during the first 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 during the period. Alterna Wealth Management Inc. lifted its stake in shares of Amazon.com by 1.8% during the first 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 during the period. Finally, Archetype Wealth Partners lifted its stake in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 345 shares of the company’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 in the company, valued at approximately $11,505,090. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of the company’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 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 worth $5,077,578. 12.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Monness Crespi & Hardt decreased their target price on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Wedbush decreased their target price on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Benchmark decreased their target price on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Rosenblatt Securities decreased their target price on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, November 14th. Finally, Mizuho decreased their target price on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.87.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $97.25 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The firm has a market capitalization of $992.11 billion, a price-to-earnings ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22. The company’s 50-day moving average is $90.72 and its two-hundred day moving average is $110.28. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its 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). The firm 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 business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current year.

Amazon.com 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.