Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Strategic Capital Advisers Inc.

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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.55 by $0.49. The business had revenue of $72.38 billion during the quarter, compared to the consensus estimate of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same period in the prior year, the business posted $2.16 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 26.47 EPS for the current year.

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.

ILLEGAL ACTIVITY NOTICE: “Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Strategic Capital Advisers Inc.” was reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/02/11/strategic-capital-advisers-inc-has-4-31-million-holdings-in-amazon-com-inc-amzn.html.

Amazon.com Profile

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.

Recommended Story: Closed-End Mutual Funds (CEFs)

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply