Cetera Advisors LLC Sells 364 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cetera Advisors LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,667 shares of the e-commerce giant’s stock after selling 364 shares during the quarter. Amazon.com comprises 1.0% of Cetera Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Cetera Advisors LLC’s holdings in Amazon.com were worth $21,972,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AMZN. Bath Savings Trust Co lifted its position in Amazon.com by 7.3% during the 2nd quarter. Bath Savings Trust Co now owns 4,076 shares of the e-commerce giant’s stock worth $7,718,000 after acquiring an additional 276 shares during the period. Advisory Services Network LLC lifted its position in Amazon.com by 25.1% during the 2nd quarter. Advisory Services Network LLC now owns 10,767 shares of the e-commerce giant’s stock worth $20,388,000 after acquiring an additional 2,159 shares during the period. LVM Capital Management Ltd. MI lifted its position in Amazon.com by 9.7% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 227 shares of the e-commerce giant’s stock worth $430,000 after acquiring an additional 20 shares during the period. Private Asset Management Inc. lifted its position in Amazon.com by 1.6% during the 2nd quarter. Private Asset Management Inc. now owns 5,716 shares of the e-commerce giant’s stock worth $10,824,000 after acquiring an additional 92 shares during the period. Finally, South Texas Money Management Ltd. lifted its position in Amazon.com by 5.5% during the 2nd quarter. South Texas Money Management Ltd. now owns 24,766 shares of the e-commerce giant’s stock worth $46,898,000 after acquiring an additional 1,287 shares during the period. 55.62% of the stock is owned by institutional investors and hedge funds.

NASDAQ AMZN opened at $1,754.60 on Friday. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The company has a market capitalization of $881.53 billion, a P/E ratio of 87.12, a PEG ratio of 3.16 and a beta of 1.56. The business has a 50 day moving average price of $1,757.90 and a 200 day moving average price of $1,836.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84.

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

A number of analysts have weighed in on the company. BMO Capital Markets decreased their price objective on Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, October 25th. MKM Partners reduced their price target on Amazon.com from $2,350.00 to $2,250.00 and set a “buy” rating for the company in a report on Friday, October 25th. Benchmark reduced their price target on Amazon.com from $2,300.00 to $2,100.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $2,189.97.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $1,759.03, for a total transaction of $4,397,575.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $17,590,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey M. Blackburn sold 7,144 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $1,791.40, for a total value of $12,797,761.60. Following the transaction, the senior vice president now directly owns 56,011 shares of the company’s stock, valued at approximately $100,338,105.40. The disclosure for this sale can be found here. Insiders sold a total of 16,248 shares of company stock valued at $29,189,787 over the last ninety days. 16.10% of the stock is currently owned by company insiders.

About Amazon.com

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

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