D L Carlson Investment Group Inc. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

D L Carlson Investment Group Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,596 shares of the e-commerce giant’s stock after selling 1,429 shares during the period. Amazon.com makes up 3.2% of D L Carlson Investment Group Inc.’s holdings, making the stock its 5th largest position. D L Carlson Investment Group Inc.’s holdings in Amazon.com were worth $14,757,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMZN. State Street Corp grew its holdings in shares of 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 worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after acquiring an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of 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 worth $6,370,223,000 after acquiring an additional 57,043,701 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Erste Group Bank cut Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Wedbush lowered their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Barclays lifted their price target on Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. JPMorgan Chase & Co. lifted their price target on Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Finally, Wells Fargo & Company lowered their price target on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total value of $707,574.40. Following the completion of the sale, the chief executive officer now owns 564,298 shares in the company, valued at $53,551,880.20. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 in the last quarter. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 1.4 %

Amazon.com stock opened at $96.20 on Thursday. The business has a 50 day moving average price of $96.42 and a two-hundred day moving average price of $101.95. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market cap of $985.79 billion, a price-to-earnings ratio of -356.30, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly 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 company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.39 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

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 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.