Benchmark Financial Wealth Advisors LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,162 shares of the e-commerce giant’s stock after selling 109 shares during the quarter. Amazon.com accounts for 2.0% of Benchmark Financial Wealth Advisors LLC’s holdings, making the stock its 10th biggest position. Benchmark Financial Wealth Advisors LLC’s holdings in Amazon.com were worth $2,017,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Enterprise Trust & Investment Co bought a new stake in shares of Amazon.com during the 2nd quarter worth $27,000. Phocas Financial Corp. bought a new stake in shares of Amazon.com during the 2nd quarter worth $4,545,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth $53,000. Clear Investment Research LLC boosted its holdings in shares of 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 during the period. Finally, Financial Advantage Inc. boosted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 55.60% of the company’s stock.
In related news, CEO Jeffrey A. Wilke sold 3,475 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $17,739,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the sale, the vice president now owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. Insiders have sold a total of 22,747 shares of company stock valued at $40,737,808 in the last quarter. 16.10% of the stock is currently owned by corporate insiders.
Shares of Amazon.com stock traded down $7.44 during mid-day trading 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 market cap of $893.28 billion, a price-to-earnings ratio of 88.48, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. The firm has a 50-day simple moving average of $1,759.99 and a 200 day simple moving average of $1,840.43. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). The firm had revenue of $69.98 billion for the quarter, compared to analyst estimates of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the business earned $5.75 EPS. On average, research analysts predict that Amazon.com, Inc. will post 20.52 EPS for the current fiscal year.
AMZN has been the subject of several recent analyst reports. Loop Capital set a $2,380.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday, July 15th. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,100.00 price objective (down from $2,400.00) on shares of Amazon.com in a report on Friday, October 25th. Robert W. Baird set a $2,080.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. JMP Securities cut their target price on shares of Amazon.com from $2,275.00 to $2,250.00 and set a “market outperform” rating for the company in a research note on Friday, October 25th. Finally, DZ Bank reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $2,189.97.
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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