JNBA Financial Advisors Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

JNBA Financial Advisors trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,013 shares of the e-commerce giant’s stock after selling 93 shares during the period. JNBA Financial Advisors’ holdings in Amazon.com were worth $1,758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bath Savings Trust Co boosted its position in shares of Amazon.com by 7.3% during the 2nd quarter. Bath Savings Trust Co now owns 4,076 shares of the e-commerce giant’s stock valued at $7,718,000 after purchasing an additional 276 shares in the last quarter. Advisory Services Network LLC raised its position in Amazon.com by 25.1% during the second quarter. Advisory Services Network LLC now owns 10,767 shares of the e-commerce giant’s stock valued at $20,388,000 after purchasing an additional 2,159 shares in the last quarter. LVM Capital Management Ltd. MI raised its position in Amazon.com by 9.7% during the second quarter. LVM Capital Management Ltd. MI now owns 227 shares of the e-commerce giant’s stock valued at $430,000 after purchasing an additional 20 shares in the last quarter. Private Asset Management Inc. increased its holdings in shares of Amazon.com by 1.6% in the second quarter. Private Asset Management Inc. now owns 5,716 shares of the e-commerce giant’s stock worth $10,824,000 after buying an additional 92 shares during the period. Finally, South Texas Money Management Ltd. increased its holdings in shares of Amazon.com by 5.5% in the second quarter. South Texas Money Management Ltd. now owns 24,766 shares of the e-commerce giant’s stock worth $46,898,000 after buying an additional 1,287 shares during the period. Institutional investors and hedge funds own 55.60% of the company’s stock.

AMZN has been the topic of a number of research analyst reports. Monness Crespi & Hardt set a $2,300.00 price target on Amazon.com and gave the company a “buy” rating in a report on Friday, October 18th. Raymond James reduced their price target on Amazon.com from $2,080.00 to $2,020.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barclays reduced their price target on Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. BMO Capital Markets reduced their price target on Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, William Blair restated an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $2,189.97.

Shares of NASDAQ:AMZN traded down $4.31 during midday trading on Friday, hitting $1,783.89. The company had a trading volume of 144,822 shares, compared to its average volume of 3,108,799. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The company has a market cap of $893.28 billion, a price-to-earnings ratio of 88.57, a PEG ratio of 3.20 and a beta of 1.56. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,035.80. The company has a fifty day moving average of $1,759.99 and a two-hundred day moving average of $1,840.43.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $5.75 earnings per share. Research analysts expect that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $17,739,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey M. Blackburn sold 7,144 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $1,791.40, for a total transaction of $12,797,761.60. Following the completion of the transaction, the senior vice president now directly owns 56,011 shares of the company’s stock, valued at approximately $100,338,105.40. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock valued at $40,737,808 over the last 90 days. 16.10% of the stock is currently owned by company insiders.

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 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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