Schneider Downs Wealth Management Advisors LP Sells 1,661 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Schneider Downs Wealth Management Advisors LP reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 21.5% in the third quarter, HoldingsChannel reports. The firm owned 6,067 shares of the e-commerce giant’s stock after selling 1,661 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Amazon.com were worth $686,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Bellecapital International Ltd. grew its holdings in Amazon.com by 1,993.8% during the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after buying an additional 67,270 shares in the last quarter. Bouchey Financial Group Ltd boosted its position in Amazon.com by 2,027.5% in the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Amazon.com by 1.0% in the third quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock worth $172,544,000 after purchasing an additional 15,640 shares during the last quarter. Ervin Investment Management LLC boosted its position in Amazon.com by 1,900.0% in the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares during the last quarter. Finally, Csenge Advisory Group boosted its position in Amazon.com by 2,077.0% in the second quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant’s stock worth $7,235,000 after purchasing an additional 64,990 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Needham & Company LLC dropped their price objective on Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Morgan Stanley dropped their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. DA Davidson decreased their target price on Amazon.com to $114.00 in a research note on Thursday, December 1st. Finally, Cowen upped their target price on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, December 1st. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Amazon.com Trading Up 3.8 %

AMZN opened at $97.25 on Friday. The stock 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. The stock’s 50 day moving average price is $90.72 and its 200-day moving average price is $110.26. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. 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 (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $127.10 billion during 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 for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The stock was 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 owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The stock was 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 owns 119,780 shares in the company, valued at approximately $11,259,320. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 8,380 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $787,720.00. Following the sale, the senior vice president now owns 76,980 shares of the company’s stock, valued at approximately $7,236,120. 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 90 days. Company insiders own 12.70% of the company’s stock.

About Amazon.com

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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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