Beck Bode LLC Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Share on StockTwits

Beck Bode LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 91.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 224 shares of the e-commerce giant’s stock after selling 2,394 shares during the quarter. Beck Bode LLC’s holdings in Amazon.com were worth $389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Enterprise Trust & Investment Co purchased a new position in shares of Amazon.com during the second quarter valued at approximately $27,000. Macroview Investment Management LLC lifted its stake 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 acquiring an additional 10 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Amazon.com during the 2nd quarter worth approximately $45,000. Litman Gregory Asset Management LLC purchased a new position in Amazon.com during the 2nd quarter valued at $53,000. Finally, Financial Advantage Inc. boosted its holdings in Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock valued at $65,000 after acquiring an additional 8 shares during the period. 56.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMZN traded down $31.03 during trading hours on Tuesday, reaching $1,750.57. 1,480,715 shares of the company traded hands, compared to its average volume of 2,463,507. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average price of $1,771.25 and a 200-day moving average price of $1,823.60. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,035.80. The stock has a market capitalization of $892.83 billion, a P/E ratio of 86.92, a P/E/G ratio of 3.30 and a beta of 1.53.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). The firm had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the business earned $5.75 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 20.52 EPS for the current fiscal year.

In other Amazon.com news, CFO Brian T. Olsavsky sold 1,265 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,760.05, for a total transaction of $2,226,463.25. Following the completion of the sale, the chief financial officer now directly owns 2,480 shares in the company, valued at approximately $4,364,924. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $1,847.51, for a total transaction of $5,173,028.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,475,100. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,796 shares of company stock worth $22,669,578. 16.10% of the stock is owned by insiders.

A number of analysts have weighed in on the company. Robert W. Baird set a $2,080.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 25th. UBS Group reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, November 6th. SunTrust Banks restated a “buy” rating and issued a $2,350.00 price target on shares of Amazon.com in a report on Friday. Stifel Nicolaus set a $2,300.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a report on Sunday, October 20th. Finally, Bank of America reaffirmed a “buy” rating and issued a $2,250.00 price target (down previously from $2,350.00) on shares of Amazon.com in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $2,167.41.

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 third-party sellers through physical stores and online stores.

Further Reading: What is the quiet period?

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.