SignalPoint Asset Management LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

SignalPoint Asset Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,268 shares of the e-commerce giant’s stock after selling 114 shares during the quarter. Amazon.com comprises about 1.3% of SignalPoint Asset Management LLC’s investment portfolio, making the stock its 10th biggest position. SignalPoint Asset Management LLC’s holdings in Amazon.com were worth $3,533,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp boosted its holdings in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC grew its position in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp increased its stake in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after acquiring an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc raised its holdings in Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after acquiring an additional 57,043,701 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $97.52 on Tuesday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve 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 has a market cap of $994.87 billion, a P/E ratio of 89.51, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. The business’s fifty day moving average is $90.70 and its 200-day moving average is $110.10.

Amazon.com (NASDAQ:AMZN – Get Rating) last released 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). 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 the consensus estimate of $127.47 billion. During the same quarter in the prior year, the company posted $0.31 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the transaction, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value 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. Insiders have sold 52,428 shares of company stock worth $5,077,578 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Citigroup decreased their price objective on Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Raymond James lowered their price target on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Barclays reduced their price objective on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Finally, Cowen raised their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, December 1st. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.87.

Amazon.com Company 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.