Gareth Morgan Investments Limited Partnership Trims Holdings in Amazon.com, Inc. (AMZN)

Gareth Morgan Investments Limited Partnership trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 46.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,815 shares of the e-commerce giant’s stock after selling 10,048 shares during the quarter. Amazon.com comprises about 1.0% of Gareth Morgan Investments Limited Partnership’s holdings, making the stock its 17th biggest position. Gareth Morgan Investments Limited Partnership’s holdings in Amazon.com were worth $11,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Clear Investment Research LLC grew its holdings in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the last quarter. WealthTrust Arizona LLC grew its holdings in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com during the second quarter valued at about $116,000. Lipe & Dalton acquired a new position in shares of Amazon.com during the first quarter valued at about $124,000. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock valued at $128,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 59.79% of the company’s stock.

Amazon.com, Inc. (NASDAQ AMZN) opened at $1,152.35 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. Amazon.com, Inc. has a 1-year low of $747.70 and a 1-year high of $1,213.41. The company has a market cap of $546,418.94, a price-to-earnings ratio of 287.80, a price-to-earnings-growth ratio of 14.21 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter last year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. sell-side analysts predict that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on AMZN shares. TheStreet upgraded shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Needham & Company LLC set a $1,150.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, August 25th. Independent Research reiterated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 23rd. MKM Partners reiterated a “buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 30th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Wednesday, August 30th. Four research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,210.68.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The disclosure for this sale can be found here. Insiders sold a total of 399,538 shares of company stock valued at $441,142,749 over the last 90 days. Company insiders own 17.00% of the company’s stock.

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Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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