Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Decreased by Sonata Capital Group Inc.

Sonata Capital Group Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,494 shares of the e-commerce giant’s stock after selling 500 shares during the quarter. Amazon.com comprises about 2.9% of Sonata Capital Group Inc.’s portfolio, making the stock its 9th biggest position. Sonata Capital Group Inc.’s holdings in Amazon.com were worth $4,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Enterprise Trust & Investment Co purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $27,000. Phocas Financial Corp. purchased a new stake in Amazon.com during the 2nd quarter worth approximately $4,545,000. Litman Gregory Asset Management LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $53,000. Clear Investment Research LLC increased its stake in Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after buying an additional 8 shares in the last quarter. Finally, Financial Advantage Inc. increased its stake in Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after buying an additional 8 shares in the last quarter. Institutional investors own 55.60% of the company’s stock.

NASDAQ:AMZN traded down $7.44 during trading hours on Friday, reaching $1,780.76. 134,155 shares of the stock were exchanged, compared to its average volume of 3,108,799. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $1,759.99 and a two-hundred day moving average of $1,840.43. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The company has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.48, a PEG ratio of 3.20 and a beta of 1.56.

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

Several equities research analysts have commented on AMZN shares. Credit Suisse Group reiterated an “outperform” rating and set a $2,100.00 price objective (down from $2,400.00) on shares of Amazon.com in a research note on Friday, October 25th. Macquarie set a $2,200.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. BidaskClub cut Amazon.com from a “sell” rating to a “strong sell” rating in a report on Thursday, September 19th. Mizuho boosted their target price on Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer lowered their target price on Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $2,189.97.

In related news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the transaction, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Mcgrath sold 304 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the transaction, the director now owns 2,324 shares of the company’s stock, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock worth $40,737,808 in the last ninety days. 16.10% of the stock is owned by corporate insiders.

Amazon.com 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 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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