Allred Capital Management LLC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Allred Capital Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,212 shares of the e-commerce giant’s stock after selling 433 shares during the period. Amazon.com accounts for about 0.9% of Allred Capital Management LLC’s holdings, making the stock its 26th largest holding. Allred Capital Management LLC’s holdings in Amazon.com were worth $1,379,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kavar Capital Partners Group LLC increased its position 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 in the last quarter. IFM Investors Pty Ltd increased its position 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 in the last quarter. Ironwood Wealth Management LLC. increased its position 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 in the last quarter. Markel Corp increased its position 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 in the last quarter. Finally, Leelyn Smith LLC increased its position 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 in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.3 %

Shares of NASDAQ AMZN opened at $97.52 on Tuesday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a market cap of $994.87 billion, a P/E ratio of 89.51, a P/E/G ratio of 3.06 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 stock has a fifty day moving average price of $90.70 and a 200 day moving average price of $110.10.

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 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 company had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. Needham & Company LLC cut their target price on Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft dropped their price target on Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. 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. JMP Securities dropped their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Sanford C. Bernstein lowered their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Insider Activity at Amazon.com

In other Amazon.com 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 completion of the transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com 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 completion of the transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the transaction, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. 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. Corporate 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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