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.
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.
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