Ballentine Partners LLC Buys 18,923 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ballentine Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 30.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 80,711 shares of the e-commerce giant’s stock after acquiring an additional 18,923 shares during the period. Ballentine Partners LLC’s holdings in Amazon.com were worth $9,120,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Hixon Zuercher LLC boosted its holdings in shares of Amazon.com by 4.2% during the 3rd quarter. Hixon Zuercher LLC now owns 41,760 shares of the e-commerce giant’s stock worth $4,719,000 after buying an additional 1,684 shares in the last quarter. Libra Wealth LLC boosted its holdings in shares of Amazon.com by 5.9% during the 3rd quarter. Libra Wealth LLC now owns 7,500 shares of the e-commerce giant’s stock worth $848,000 after buying an additional 420 shares in the last quarter. Financial Strategies Group Inc. lifted its holdings in shares of Amazon.com by 13.3% in the 3rd quarter. Financial Strategies Group Inc. now owns 15,503 shares of the e-commerce giant’s stock worth $1,752,000 after purchasing an additional 1,825 shares in the last quarter. Quaker Wealth Management LLC lifted its holdings in shares of Amazon.com by 24.6% in the 3rd quarter. Quaker Wealth Management LLC now owns 13,897 shares of the e-commerce giant’s stock worth $1,570,000 after purchasing an additional 2,747 shares in the last quarter. Finally, Orca Investment Management LLC lifted its holdings in shares of Amazon.com by 2.2% in the 3rd quarter. Orca Investment Management LLC now owns 7,088 shares of the e-commerce giant’s stock worth $801,000 after purchasing an additional 155 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 3.8 %

Amazon.com stock opened at $97.25 on Friday. The stock has a market cap of $992.11 billion, a PE ratio of 89.26, a price-to-earnings-growth ratio of 3.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The stock has a fifty day moving average of $90.72 and a 200 day moving average of $110.26.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. 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. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Needham & Company LLC lowered their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Telsey Advisory Group decreased their target price on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Tigress Financial decreased their target price on Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.87.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the transaction, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction 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 in the company, valued at $11,505,090. The disclosure for this sale can be found here. Insiders sold a total of 52,428 shares of company stock worth $5,077,578 over the last quarter. 12.70% of the stock is currently owned by corporate insiders.

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.

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

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