McIlrath & Eck LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,008 shares of the e-commerce giant’s stock after selling 1,383 shares during the period. McIlrath & Eck LLC’s holdings in Amazon.com were worth $3,169,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Semus Wealth Partners LLC raised its position in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares during the period. Bell Investment Advisors Inc increased its stake in Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 51 shares in the last quarter. O Connor Financial Group LLC raised its holdings in Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 55 shares during the period. Cherrydale Wealth Management LLC lifted its position in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after acquiring an additional 55 shares in the last quarter. Finally, Cedar Point Capital Partners LLC boosted its stake in shares of Amazon.com by 4.4% in the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insider Buying and Selling at Amazon.com
In related news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on Amazon.com
Amazon.com Stock Performance
Shares of NASDAQ:AMZN opened at $217.76 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The firm has a 50 day moving average of $217.02 and a 200 day moving average of $195.74. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
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