Partnervest Advisory Services LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 549 shares of the e-commerce giant’s stock after selling 155 shares during the quarter. Partnervest Advisory Services LLC’s holdings in Amazon.com were worth $531,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Clear Investment Research LLC increased its holdings in Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC increased its holdings in Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com in the 2nd quarter valued at $116,000. Lipe & Dalton acquired a new stake in Amazon.com in the 1st quarter valued at $124,000. Finally, Farmers & Merchants Investments Inc. increased its holdings in Amazon.com by 560.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 60.62% of the company’s stock.
A number of equities analysts have weighed in on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price target on the stock. in a research report on Monday, October 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $1,250.00 price target (up previously from $1,200.00) on shares of Amazon.com in a research report on Friday, October 27th. SunTrust Banks, Inc. began coverage on shares of Amazon.com in a research report on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 price target on the stock. Finally, JMP Securities reaffirmed an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a research report on Friday, August 25th. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,142.08.
Shares of Amazon.com, Inc. (AMZN) traded down $3.78 on Friday, hitting $1,125.35. 2,179,900 shares of the stock traded hands, compared to its average volume of 3,991,709. The company has a market capitalization of $542,274.63, a price-to-earnings ratio of 285.62, a PEG ratio of 14.04 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,135.54. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the previous year, the company earned $0.52 earnings per share. Amazon.com’s revenue for the quarter was up 33.7% compared to the same quarter last year. sell-side analysts expect that Amazon.com, Inc. will post 4.26 EPS for the current year.
In related news, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 401,343 shares of company stock worth $441,838,533. 17.70% of the stock is owned by insiders.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.