Strategic Capital Advisers Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,154 shares of the e-commerce giant’s stock after selling 47 shares during the period. Amazon.com comprises approximately 3.1% of Strategic Capital Advisers Inc.’s investment portfolio, making the stock its 7th biggest position. Strategic Capital Advisers Inc.’s holdings in Amazon.com were worth $4,314,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. JJJ Advisors Inc. purchased a new stake in Amazon.com in the 2nd quarter valued at about $175,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Amazon.com by 31.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock worth $139,868,000 after purchasing an additional 19,500 shares during the last quarter. Landaas & Co. WI ADV acquired a new position in Amazon.com in the 2nd quarter worth about $224,000. Steward Partners Investment Advisory LLC increased its position in Amazon.com by 5.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Spirit of America Management Corp NY acquired a new position in Amazon.com in the 3rd quarter worth about $110,000. Institutional investors own 77.71% of the company’s stock.
Shares of AMZN traded up $6.36 during trading hours on Monday, reaching $1,594.58. The stock had a trading volume of 2,101,170 shares, compared to its average volume of 5,527,347. Amazon.com, Inc. has a 12 month low of $1,265.93 and a 12 month high of $2,050.50. The stock has a market capitalization of $780.14 billion, a price-to-earnings ratio of 79.17, a PEG ratio of 2.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10.
In other Amazon.com news, insider David Zapolsky sold 1,929 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,566.09, for a total transaction of $3,020,987.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 437 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total value of $687,449.07. The disclosure for this sale can be found here. Insiders sold 5,503 shares of company stock valued at $8,552,040 over the last 90 days. 16.30% of the stock is currently owned by company insiders.
Several research firms recently commented on AMZN. Oppenheimer restated a “buy” rating and set a $2,020.00 target price (down previously from $2,130.00) on shares of Amazon.com in a research report on Monday, October 29th. Credit Suisse Group raised their target price on Amazon.com from $2,100.00 to $2,400.00 and gave the stock an “outperform” rating in a research report on Monday, October 22nd. SunTrust Banks raised their price target on Amazon.com to $2,250.00 and gave the company a “buy” rating in a report on Friday, October 26th. Deutsche Bank reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, October 23rd. Finally, Barclays reaffirmed an “overweight” rating and issued a $1,950.00 target price (down previously from $2,100.00) on shares of Amazon.com in a research report on Friday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $2,107.33.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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