Amazon.com, Inc. $AMZN Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% in the third quarter, Holdings Channel reports. The institutional investor owned 407,714 shares of the e-commerce giant’s stock after selling 54,660 shares during the quarter. Amazon.com accounts for approximately 8.3% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 4th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in Amazon.com were worth $101,582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Red Crane Wealth Management LLC grew its holdings in Amazon.com by 2.3% during the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after acquiring an additional 38 shares in the last quarter. Stegent Equity Advisors Inc. raised its stake in Amazon.com by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant’s stock valued at $364,000 after buying an additional 39 shares in the last quarter. Robinson Smith Wealth Advisors LLC raised its stake in Amazon.com by 0.7% during the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after buying an additional 40 shares in the last quarter. Sfam LLC raised its stake in Amazon.com by 3.4% during the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after buying an additional 40 shares in the last quarter. Finally, Measured Risk Portfolios Inc. raised its stake in Amazon.com by 3.4% during the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock valued at $251,000 after buying an additional 40 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN stock traded down $0.78 during midday trading on Friday, reaching $266.66. The company had a trading volume of 31,035,709 shares, compared to its average volume of 50,501,436. The firm has a market capitalization of $2.88 trillion, a PE ratio of 21.56, a P/E/G ratio of 2.03 and a beta of 1.49. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $254.82 and a 200 day moving average price of $244.32.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter in the previous year, the company earned $1.95 earnings per share. Amazon.com’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Key Headlines Impacting Amazon.com

These are some of the AMZN headlines that stood out recently:

• Positive Sentiment: Amazon’s planned World Product Graph would catalog products available across the internet, including items Amazon doesn’t stock. If it makes Amazon a starting point for more shopping searches, it could strengthen product discovery and attract advertising revenue. Reuters article
• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks article
• Neutral Sentiment: A planned launch of 40 Amazon Leo satellites could advance its satellite-internet service, although the launch itself does not establish the service’s eventual commercial returns. TipRanks article

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. The Goldman Sachs Group reiterated a “conviction-buy” rating and issued a $370.00 price target on shares of Amazon.com in a report on Friday, October 30th. Barclays reissued an “overweight” rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Wells Fargo & Company reduced their price objective on Amazon.com from $329.00 to $326.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Finally, Cantor Fitzgerald decreased their price objective on shares of Amazon.com from $310.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the transaction, the chief executive officer directly owned 476,681 shares of the company’s stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 71,589 shares of company stock valued at $18,545,595. Company insiders own 8.90% of the company’s stock.

About Amazon.com

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.