Berman Capital Advisors LLC Sells 206 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Berman Capital Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437 shares of the e-commerce giant’s stock after selling 206 shares during the quarter. Amazon.com accounts for 1.3% of Berman Capital Advisors LLC’s holdings, making the stock its 13th biggest holding. Berman Capital Advisors LLC’s holdings in Amazon.com were worth $4,523,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lountzis Asset Management LLC acquired a new stake in shares of Amazon.com during the 2nd quarter worth $28,000. Newfound Research LLC acquired a new stake in Amazon.com in the third quarter valued at about $41,000. Rocky Mountain Advisers LLC acquired a new stake in Amazon.com in the third quarter valued at about $54,000. James Investment Research Inc. acquired a new stake in Amazon.com in the second quarter valued at about $55,000. Finally, Davis Capital Management boosted its stake in Amazon.com by 11.4% in the second quarter. Davis Capital Management now owns 39 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 4 shares in the last quarter. 52.82% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Shelley Reynolds sold 293 shares of the business’s stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $3,085.62, for a total transaction of $904,086.66. Following the completion of the transaction, the vice president now directly owns 6,282 shares in the company, valued at $19,383,864.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 6,945 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $3,061.74, for a total value of $21,263,784.30. Following the transaction, the chief executive officer now owns 82,599 shares of the company’s stock, valued at $252,896,662.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,441 shares of company stock worth $38,485,392. 16.10% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.41 by $4.96. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company had revenue of $96.15 billion for the quarter, compared to analyst estimates of $92.56 billion. During the same period in the previous year, the company posted $4.23 EPS. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 33.77 EPS for the current fiscal year.
Several research firms have commented on AMZN. Sanford C. Bernstein increased their target price on Amazon.com from $3,400.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $3,700.00 target price (up from $3,200.00) on shares of Amazon.com in a research report on Friday, July 31st. Edward Jones reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 31st. DA Davidson raised their price objective on Amazon.com from $2,625.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Benchmark raised their price objective on Amazon.com from $3,800.00 to $4,000.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Four research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $3,580.13.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
See Also: Consumer Price Index (CPI)
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