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.
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
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.
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
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