Amazon.com, Inc. (NASDAQ:AMZN) is Thoroughbred Financial Services LLC’s 4th Largest Position

Thoroughbred Financial Services LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,522 shares of the e-commerce giant’s stock after selling 7,011 shares during the period. Amazon.com makes up 2.9% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its 4th largest holding. Thoroughbred Financial Services LLC’s holdings in Amazon.com were worth $14,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AMZN. Savior LLC increased its holdings in Amazon.com by 1,085.0% during the second 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 last quarter. Rocky Mountain Advisers LLC increased its holdings in Amazon.com by 1,311.8% during the second 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 last quarter. Iron Horse Wealth Management LLC increased its holdings in Amazon.com by 4,540.0% during the second 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 last quarter. Wells Financial Advisors INC increased its holdings in Amazon.com by 1,900.0% during the second 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 last quarter. Finally, Maryland Capital Advisors Inc. increased its holdings in Amazon.com by 1,900.0% during the second 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 last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the firm’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 transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Adam Selipsky sold 345 shares of the firm’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 sale, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the firm’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 sale, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,428 shares of company stock valued at $5,077,578. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Atlantic Securities reduced their target price on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Needham & Company LLC reduced their target price on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 28th. Royal Bank of Canada dropped their price target on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Citigroup dropped their price target on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, New Street Research assumed coverage on shares of Amazon.com in a research report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.56.

Amazon.com Trading Down 1.2 %

AMZN stock opened at $96.32 on Wednesday. The company has a market capitalization of $982.62 billion, a PE ratio of 88.41, a P/E/G ratio of 3.06 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 firm’s 50-day moving average is $90.65 and its 200 day moving average is $109.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 0.68 EPS for the current year.

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.