Alley Co LLC Has $6.98 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

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Alley Co LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,104 shares of the e-commerce giant’s stock after selling 162 shares during the period. Amazon.com comprises approximately 2.3% of Alley Co LLC’s investment portfolio, making the stock its 13th biggest position. Alley Co LLC’s holdings in Amazon.com were worth $6,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC grew its stake in Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after acquiring an additional 9,842,959 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after acquiring an additional 3,338,491 shares in the last quarter. Fisher Asset Management LLC grew its stake in Amazon.com by 3.3% during the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock valued at $2,682,027,000 after acquiring an additional 59,516 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Amazon.com by 0.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,449,920 shares of the e-commerce giant’s stock valued at $2,098,527,000 after acquiring an additional 4,491 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Amazon.com by 4.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,431,303 shares of the e-commerce giant’s stock valued at $2,071,583,000 after acquiring an additional 58,070 shares in the last quarter. Hedge funds and other institutional investors own 56.59% of the company’s stock.

In other news, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the sale, the director now directly owns 9,127 shares in the company, valued at approximately $15,324,141.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the completion of the sale, the chief executive officer now owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,327 shares of company stock worth $64,744,896. 16.30% of the stock is owned by company insiders.

Several brokerages recently issued reports on AMZN. DA Davidson upped their price objective on shares of Amazon.com from $2,200.00 to $2,450.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. Wells Fargo & Co reaffirmed a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a research note on Monday, October 1st. BidaskClub raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Robert W. Baird reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, September 3rd. Finally, Macquarie reaffirmed a “buy” rating and set a $2,200.00 price objective on shares of Amazon.com in a research note on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $2,091.53.

Amazon.com stock traded down $42.48 during mid-day trading on Friday, reaching $1,712.43. 5,891,531 shares of the company’s stock were exchanged, compared to its average volume of 8,251,879. The firm has a market cap of $858.38 billion, a PE ratio of 376.36, a price-to-earnings-growth ratio of 3.36 and a beta of 1.70. Amazon.com, Inc. has a twelve month low of $1,121.63 and a twelve month high of $2,050.50. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. The company had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 19.37 earnings per share for the current fiscal year.

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Amazon.com Company 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.

Featured Story: Cost of Capital Explained

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

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