Engineers Gate Manager LP Sells 6,582 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Engineers Gate Manager LP decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 59.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,502 shares of the e-commerce giant’s stock after selling 6,582 shares during the quarter. Engineers Gate Manager LP’s holdings in Amazon.com were worth $509,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fiduciary Planning LLC raised its holdings in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its position in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its position in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its position in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its position in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock worth $6,994,626 in the last three months. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $92.43 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $96.01 and a two-hundred day moving average price of $102.24. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a market cap of $947.15 billion, a P/E ratio of -344.88, a PEG ratio of 3.74 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMZN shares. UBS Group boosted their price target on Amazon.com from $118.00 to $127.00 in a research report on Friday, February 3rd. The Goldman Sachs Group decreased their target price on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Credit Suisse Group upped their target price on Amazon.com from $142.00 to $171.00 and gave the company an “outperform” rating in a research report on Monday, January 30th. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Finally, Benchmark upped their target price on Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $144.87.

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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.