Sequoia Financial Advisors LLC Sells 31,224 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sequoia Financial Advisors LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% during the third quarter, HoldingsChannel reports. The firm owned 206,527 shares of the e-commerce giant’s stock after selling 31,224 shares during the quarter. Amazon.com accounts for approximately 0.7% of Sequoia Financial Advisors LLC’s holdings, making the stock its 27th biggest position. Sequoia Financial Advisors LLC’s holdings in Amazon.com were worth $23,338,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Savior LLC lifted its position in Amazon.com by 1,085.0% during the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 217 shares during the period. Rocky Mountain Advisers LLC lifted its position in Amazon.com by 1,311.8% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 223 shares during the period. Iron Horse Wealth Management LLC lifted its position in Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares during the period. Wells Financial Advisors INC raised its holdings in Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after buying an additional 266 shares during the last quarter. Finally, Maryland Capital Advisors Inc. raised its holdings in Amazon.com by 1,900.0% in the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 285 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Up 3.8 %

Shares of AMZN opened at $97.25 on Friday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a market cap of $992.11 billion, a P/E ratio of 89.26, a P/E/G 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. The company’s fifty day simple moving average is $90.72 and its 200-day simple moving average is $110.28.

Amazon.com (NASDAQ:AMZNGet Rating) last announced 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). 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 analysts’ expectations of $127.47 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. New Street Research began coverage on shares of Amazon.com in a report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Amazon.com from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, December 16th. Raymond James decreased their price objective on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, Cowen boosted their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, December 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.87.

Insider Activity

In other news, 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 sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated 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 $11,505,090. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the transaction, the director now owns 22,440 shares in the company, valued at $2,147,508. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,428 shares of company stock valued at $5,077,578. 12.70% of the stock is currently owned by company 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

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.