Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Inverness Counsel LLC NY

Inverness Counsel LLC NY lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,072 shares of the e-commerce giant’s stock after selling 5,461 shares during the period. Amazon.com accounts for approximately 2.5% of Inverness Counsel LLC NY’s investment portfolio, making the stock its 11th biggest position. Inverness Counsel LLC NY’s holdings in Amazon.com were worth $53,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Macroview Investment Management LLC increased its holdings in shares of Amazon.com by 166.7% during the 3rd quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 10 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of Amazon.com by 533.3% during the 4th quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after buying an additional 16 shares during the last quarter. Birch Capital Management LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $46,000. Pflug Koory LLC increased its holdings in shares of Amazon.com by 30.8% during the 4th quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 8 shares during the last quarter. Finally, Financial Advantage Inc. increased its holdings in shares of Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 56.42% of the company’s stock.

Shares of AMZN stock opened at $2,134.87 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.38. Amazon.com, Inc. has a 52 week low of $1,586.57 and a 52 week high of $2,185.95. The stock has a market capitalization of $1,062.76 billion, a PE ratio of 92.78, a P/E/G ratio of 2.89 and a beta of 1.58. The firm has a 50 day moving average of $1,928.31 and a two-hundred day moving average of $1,817.96.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, January 30th. The e-commerce giant reported $6.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.98 by $2.49. Amazon.com had a net margin of 4.13% and a return on equity of 21.07%. The company had revenue of $87.44 billion during the quarter, compared to analysts’ expectations of $86.09 billion. During the same quarter last year, the company posted $6.04 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 27.57 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $1,865.34, for a total value of $373,068.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,653,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $1,748.04, for a total transaction of $1,748,040.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $17,480,400. The disclosure for this sale can be found here. Insiders sold a total of 716,969 shares of company stock valued at $1,465,051,075 in the last three months. 16.10% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $2,250.00 price target (up previously from $2,000.00) on shares of Amazon.com in a report on Thursday, January 30th. MKM Partners restated a “buy” rating and set a $2,250.00 price target on shares of Amazon.com in a report on Wednesday, December 4th. KeyCorp raised their price target on shares of Amazon.com from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a report on Monday, February 3rd. Finally, Piper Jaffray Companies cut their price target on shares of Amazon.com from $2,225.00 to $2,150.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $2,319.76.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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

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