First Trust Advisors LP decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 482,805 shares of the e-commerce giant’s stock after selling 56,438 shares during the quarter. Amazon.com comprises 1.6% of First Trust Advisors LP’s holdings, making the stock its 2nd largest holding. First Trust Advisors LP owned 0.10% of Amazon.com worth $838,106,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Enterprise Trust & Investment Co bought a new stake in Amazon.com during the second quarter worth $27,000. Phocas Financial Corp. purchased a new position in Amazon.com in the second quarter worth $4,545,000. Litman Gregory Asset Management LLC purchased a new position in Amazon.com in the second quarter worth $53,000. Clear Investment Research LLC boosted its position in Amazon.com by 27.6% in the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after purchasing an additional 8 shares during the last quarter. Finally, Financial Advantage Inc. boosted its position in Amazon.com by 26.7% in the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 55.60% of the company’s stock.
Shares of AMZN opened at $1,785.88 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. The stock has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.67, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. The stock’s 50-day simple moving average is $1,759.09 and its 200 day simple moving average is $1,840.01. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80.
In related news, Director Judith A. Mcgrath sold 304 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the transaction, the director now directly owns 2,324 shares in the company, valued at approximately $4,066,790.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 1,765 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the transaction, the chief financial officer now owns 2,480 shares in the company, valued at $4,421,840. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,747 shares of company stock worth $40,737,808. 16.10% of the stock is owned by corporate insiders.
Several research analysts have weighed in on AMZN shares. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday. Barclays cut their price objective on Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Benchmark cut their price objective on Amazon.com from $2,300.00 to $2,100.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group set a $2,300.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Zacks Investment Research raised Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 price objective on the stock in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $2,189.97.
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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