D.B. Root & Company LLC Sells 567 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

D.B. Root & Company LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, HoldingsChannel.com reports. The fund owned 26,321 shares of the e-commerce giant’s stock after selling 567 shares during the quarter. Amazon.com accounts for about 1.4% of D.B. Root & Company LLC’s holdings, making the stock its 15th largest position. D.B. Root & Company LLC’s holdings in Amazon.com were worth $2,974,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMZN. Kavar Capital Partners Group LLC grew its holdings in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp grew its holdings in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its holdings in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMZN shares. MKM Partners decreased their target price on Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday. Telsey Advisory Group decreased their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Evercore ISI decreased their price target on Amazon.com from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, December 19th. Bank of America decreased their price target on Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, The Goldman Sachs Group decreased their price target on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Amazon.com Stock Up 3.8 %

AMZN stock opened at $97.25 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $90.72 and a two-hundred day moving average price of $110.28. The company has a market cap of $992.11 billion, a price-to-earnings ratio of 89.26, a P/E/G ratio of 3.09 and a beta of 1.22. 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 issued its earnings results 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). 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 the consensus estimate of $127.47 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the transaction, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The disclosure for this sale can be found here. In the last three months, insiders sold 52,428 shares of company stock worth $5,077,578. 12.70% of the stock is owned by company insiders.

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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