SG Americas Securities LLC Has $170.03 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

SG Americas Securities LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 38.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,950 shares of the e-commerce giant’s stock after selling 60,025 shares during the period. Amazon.com makes up about 1.4% of SG Americas Securities LLC’s investment portfolio, making the stock its 6th largest holding. SG Americas Securities LLC’s holdings in Amazon.com were worth $170,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AMZN. Bath Savings Trust Co boosted its position in 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 worth $7,718,000 after acquiring an additional 276 shares during the last quarter. Advisory Services Network LLC boosted its position in Amazon.com by 25.1% during the 2nd quarter. Advisory Services Network LLC now owns 10,767 shares of the e-commerce giant’s stock worth $20,388,000 after acquiring an additional 2,159 shares during the last quarter. LVM Capital Management Ltd. MI boosted its position in Amazon.com by 9.7% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 227 shares of the e-commerce giant’s stock worth $430,000 after acquiring an additional 20 shares during the last quarter. Private Asset Management Inc. boosted its position in Amazon.com by 1.6% during the 2nd quarter. Private Asset Management Inc. now owns 5,716 shares of the e-commerce giant’s stock worth $10,824,000 after acquiring an additional 92 shares during the last quarter. Finally, South Texas Money Management Ltd. boosted its position in Amazon.com by 5.5% during the 2nd quarter. South Texas Money Management Ltd. now owns 24,766 shares of the e-commerce giant’s stock worth $46,898,000 after acquiring an additional 1,287 shares during the last quarter. 55.60% of the stock is owned by institutional investors.

In related news, CFO Brian T. Olsavsky sold 1,765 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the transaction, the chief financial officer now owns 2,480 shares in the company, valued at $4,421,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judith A. Mcgrath sold 304 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total value of $531,972.64. Following the completion of the transaction, the director now owns 2,324 shares in the company, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. Insiders sold 22,747 shares of company stock worth $40,737,808 in the last 90 days. 16.10% of the stock is owned by company insiders.

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

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Zacks’ 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 company had revenue of $69.98 billion during the quarter, compared to the consensus estimate of $68.72 billion. During the same quarter in the previous year, the business posted $5.75 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the company. Pivotal Research reaffirmed a “buy” rating and set a $2,615.00 price target (down previously from $2,750.00) on shares of Amazon.com in a research report on Friday, July 26th. Mizuho upped their price target on Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research 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 for the company in a research report on Friday, October 25th. Finally, Barclays reduced their price target 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,189.97.

About Amazon.com

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.

Read More: Percentage Gainers

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

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