Exchange Capital Management Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,004 shares of the e-commerce giant’s stock after selling 1,215 shares during the period. Amazon.com makes up approximately 2.5% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 5th largest holding. Exchange Capital Management Inc.’s holdings in Amazon.com were worth $10,961,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Oakworth Capital Inc. increased its holdings in shares of Amazon.com by 1.3% during the third quarter. Oakworth Capital Inc. now owns 31,772 shares of the e-commerce giant’s stock valued at $3,591,000 after purchasing an additional 396 shares during the period. Vance Wealth Inc. grew its holdings in Amazon.com by 21.1% during the third quarter. Vance Wealth Inc. now owns 5,752 shares of the e-commerce giant’s stock worth $650,000 after acquiring an additional 1,001 shares during the period. TRU Independence Asset Management 2 LLC grew its holdings in Amazon.com by 18.1% during the third quarter. TRU Independence Asset Management 2 LLC now owns 18,236 shares of the e-commerce giant’s stock worth $2,060,000 after acquiring an additional 2,796 shares during the period. Graypoint LLC grew its holdings in Amazon.com by 41.2% during the third quarter. Graypoint LLC now owns 42,263 shares of the e-commerce giant’s stock worth $4,776,000 after acquiring an additional 12,327 shares during the period. Finally, Telos Capital Management Inc. grew its holdings in Amazon.com by 1.0% during the third quarter. Telos Capital Management Inc. now owns 77,287 shares of the e-commerce giant’s stock worth $8,733,000 after acquiring an additional 784 shares during the period. 57.64% of the stock is owned by institutional investors and hedge funds.
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $100.55 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $90.90 and its two-hundred day moving average is $109.73. The company has a market cap of $1.03 trillion, a P/E ratio of 92.29, a P/E/G ratio of 3.43 and a beta of 1.22. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on AMZN. Barclays lowered their target price on Amazon.com from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday. Morgan Stanley lowered their target price on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Amazon.com from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Wolfe Research decreased their price target on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Truist Financial decreased their price target on Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $145.81.
Insider Activity
In other news, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,083 shares of company stock worth $5,042,388. Company insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.
Further Reading
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