Sterling Investment Advisors Ltd. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,387 shares of the e-commerce giant’s stock after selling 490 shares during the quarter. Amazon.com accounts for 2.2% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 8th biggest position. Sterling Investment Advisors Ltd.’s holdings in Amazon.com were worth $3,256,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AMZN. Capital Investment Advisors LLC raised its stake in shares of Amazon.com by 4.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 5,013 shares of the e-commerce giant’s stock worth $4,853,000 after purchasing an additional 234 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Amazon.com by 21.7% during the 2nd quarter. Fulton Bank N.A. now owns 3,082 shares of the e-commerce giant’s stock worth $2,983,000 after purchasing an additional 550 shares in the last quarter. Tompkins Financial Corp raised its stake in shares of Amazon.com by 6.3% during the 2nd quarter. Tompkins Financial Corp now owns 1,657 shares of the e-commerce giant’s stock worth $1,604,000 after purchasing an additional 98 shares in the last quarter. Family Legacy Inc. raised its stake in shares of Amazon.com by 14.4% during the 2nd quarter. Family Legacy Inc. now owns 515 shares of the e-commerce giant’s stock worth $499,000 after purchasing an additional 65 shares in the last quarter. Finally, F&V Capital Management LLC raised its stake in shares of Amazon.com by 17.8% during the 2nd quarter. F&V Capital Management LLC now owns 662 shares of the e-commerce giant’s stock worth $641,000 after purchasing an additional 100 shares in the last quarter. 59.78% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald reiterated a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Bank of America restated a “buy” rating and issued a $1,460.00 price target (up previously from $1,220.00) on shares of Amazon.com in a research note on Tuesday, January 16th. They noted that the move was a valuation call. Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price target on the stock. in a research note on Monday, October 23rd. Canaccord Genuity restated a “buy” rating and issued a $1,250.00 price target (up previously from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. Finally, Jefferies Group restated a “buy” rating and issued a $1,350.00 price target on shares of Amazon.com in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating, fifty have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1,278.33.

In other news, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $11,603,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 402,338 shares of company stock worth $444,391,701. 17.00% of the stock is currently owned by insiders.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,294.58 on Monday. The stock has a market capitalization of $623,822.06, a price-to-earnings ratio of 328.57, a PEG ratio of 7.62 and a beta of 1.46. Amazon.com, Inc. has a 1-year low of $803.00 and a 1-year high of $1,339.94. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. research analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current year.

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About Amazon.com

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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