Glynn Capital Management LLC Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Glynn Capital Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,035 shares of the e-commerce giant’s stock after selling 2,819 shares during the quarter. Amazon.com accounts for about 6.7% of Glynn Capital Management LLC’s holdings, making the stock its 5th largest position. Glynn Capital Management LLC’s holdings in Amazon.com were worth $36,515,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd grew its position in Amazon.com by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock worth $187,387,000 after buying an additional 480 shares in the last quarter. Gladstone Institutional Advisory LLC grew its position in Amazon.com by 12.0% during the second quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock worth $3,299,000 after buying an additional 186 shares in the last quarter. Cornerstone Advisory LLC grew its position in Amazon.com by 50.0% during the second quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock worth $2,602,000 after buying an additional 458 shares in the last quarter. RB Capital Management LLC grew its position in Amazon.com by 8.5% during the second quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock worth $2,536,000 after buying an additional 105 shares in the last quarter. Finally, Family Management Corp grew its position in Amazon.com by 1.0% during the second quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock worth $5,312,000 after buying an additional 28 shares in the last quarter. Institutional investors own 55.60% of the company’s stock.

In related news, SVP David Zapolsky sold 880 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,776.73, for a total transaction of $1,563,522.40. Following the completion of the transaction, the senior vice president now owns 3,749 shares of the company’s stock, valued at approximately $6,660,960.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the transaction, the vice president now directly 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. In the last ninety days, insiders have sold 22,747 shares of company stock valued at $40,737,808. 16.10% of the stock is owned by corporate insiders.

AMZN stock traded down $2.32 during trading on Friday, hitting $1,785.88. 2,123,300 shares of the company traded hands, compared to its average volume of 4,016,732. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The firm has a market capitalization of $893.28 billion, a PE ratio of 88.67, a P/E/G ratio of 3.20 and a beta of 1.56. The company has a 50-day moving average of $1,759.09 and a 200-day moving average of $1,840.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $68.72 billion. During the same period in the prior year, the company posted $5.75 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 20.52 EPS for the current year.

Several research firms recently commented on AMZN. Barclays reduced their target price on Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Morgan Stanley reduced their target price on Amazon.com from $2,200.00 to $2,100.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. SunTrust Banks boosted their target price on Amazon.com from $2,200.00 to $2,350.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Benchmark reduced their target price on Amazon.com from $2,300.00 to $2,100.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, William Blair restated an “outperform” rating on shares of Amazon.com in a research 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 given a buy rating to the stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $2,189.97.

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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