Capital Investment Counsel Inc Sells 6,786 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capital Investment Counsel Inc decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 97,104 shares of the e-commerce giant’s stock after selling 6,786 shares during the quarter. Amazon.com accounts for 3.2% of Capital Investment Counsel Inc’s holdings, making the stock its 5th largest position. Capital Investment Counsel Inc’s holdings in Amazon.com were worth $10,973,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Savior LLC boosted its stake in shares of 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 buying an additional 217 shares during the period. Rocky Mountain Advisers LLC boosted its stake in shares of 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 buying an additional 223 shares during the period. Iron Horse Wealth Management LLC boosted its stake in shares of 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 buying an additional 227 shares during the period. Wells Financial Advisors INC boosted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after buying an additional 266 shares during the period. Finally, Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $97.25 on Friday. The firm 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. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. 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 company’s 50-day moving average price is $90.72 and its two-hundred day moving average price is $110.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results 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). 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 analyst estimates of $127.47 billion. During the same quarter last year, the firm earned $0.31 earnings per share. Amazon.com’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AMZN shares. MKM Partners cut their price target on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday. Bank of America cut their price target on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Wells Fargo & Company cut their price target on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. JMP Securities cut their price target on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Finally, StockNews.com started coverage on shares of Amazon.com in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Two 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.87.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $700,864.00. Following the transaction, the chief executive officer now directly owns 533,435 shares in the company, valued at $50,142,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,259,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the business’s 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 sale, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at $50,142,890. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,428 shares of company stock worth $5,077,578. Corporate insiders own 12.70% of the company’s stock.

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.