Richard Bernstein Advisors LLC Sells 405 Shares of Amazon.com, Inc. (AMZN)

Richard Bernstein Advisors LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,297 shares of the e-commerce giant’s stock after selling 405 shares during the quarter. Amazon.com accounts for 0.9% of Richard Bernstein Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Richard Bernstein Advisors LLC’s holdings in Amazon.com were worth $27,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Summit Trail Advisors LLC grew its stake in Amazon.com by 180,406.1% in the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the period. Cornerstone Wealth Management LLC grew its stake in Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after purchasing an additional 3,338,491 shares during the period. Fisher Asset Management LLC grew its stake in Amazon.com by 3.3% in the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock valued at $2,682,027,000 after purchasing an additional 59,516 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Amazon.com by 4.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,519,232 shares of the e-commerce giant’s stock valued at $2,582,390,000 after purchasing an additional 69,312 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Amazon.com by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,491,056 shares of the e-commerce giant’s stock valued at $2,534,497,000 after purchasing an additional 59,753 shares during the period. Institutional investors and hedge funds own 55.64% of the company’s stock.

AMZN has been the subject of a number of recent analyst reports. Oppenheimer restated a “buy” rating on shares of Amazon.com in a research note on Friday, August 10th. Macquarie restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 15th. Jefferies Financial Group restated a “buy” rating and issued a $2,185.00 price objective on shares of Amazon.com in a research note on Friday, August 17th. JMP Securities restated a “buy” rating and issued a $2,075.00 price objective on shares of Amazon.com in a research note on Monday, August 20th. Finally, MKM Partners upped their price objective on Amazon.com from $1,840.00 to $2,215.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. Three analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $2,096.01.

Shares of AMZN opened at $1,629.13 on Friday. The stock has a market cap of $830.85 billion, a P/E ratio of 358.05, a P/E/G ratio of 3.23 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08. Amazon.com, Inc. has a 52-week low of $1,157.00 and a 52-week high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. As a group, research analysts expect that Amazon.com, Inc. will post 19.49 EPS for the current year.

In related news, CEO Jeffrey A. Wilke sold 1,230 shares of the stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 181 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,579.89, for a total value of $285,960.09. The disclosure for this sale can be found here. Insiders have sold a total of 25,842 shares of company stock worth $42,513,241 in the last three months. 16.30% of the stock is currently owned by insiders.

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Amazon.com Company Profile

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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