Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Acorn Financial Advisory Services Inc. ADV

Acorn Financial Advisory Services Inc. ADV lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 802 shares of the e-commerce giant’s stock after selling 44 shares during the period. Amazon.com accounts for approximately 1.3% of Acorn Financial Advisory Services Inc. ADV’s portfolio, making the stock its 13th largest position. Acorn Financial Advisory Services Inc. ADV’s holdings in Amazon.com were worth $2,524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. acquired a new position in Amazon.com in the first quarter valued at $294,639,000. FMR LLC boosted its stake in shares of Amazon.com by 1.3% during the second quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock worth $44,283,569,000 after buying an additional 212,006 shares during the period. Capital International Investors boosted its stake in shares of Amazon.com by 7.3% during the first quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock worth $8,968,262,000 after buying an additional 312,549 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Amazon.com by 18.5% during the second quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock worth $12,459,236,000 after buying an additional 704,255 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of Amazon.com by 10.7% during the first quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock worth $8,777,634,000 after buying an additional 435,331 shares during the period. Institutional investors own 57.32% of the company’s stock.

Shares of NASDAQ AMZN opened at $3,272.71 on Friday. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The firm’s 50 day moving average price is $3,207.58 and its 200 day moving average price is $2,802.40. The firm has a market cap of $1,639.27 billion, a P/E ratio of 125.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.97 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion for the quarter, compared to analyst estimates of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. As a group, equities analysts predict that Amazon.com, Inc. will post 31.61 EPS for the current year.

AMZN has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, October 7th. Guggenheim increased their target price on shares of Amazon.com from $2,700.00 to $3,600.00 in a research note on Friday, July 31st. Canaccord Genuity increased their target price on shares of Amazon.com from $3,300.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Edward Jones reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 31st. Finally, Telsey Advisory Group increased their price target on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-nine have given a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and an average price target of $3,438.90.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 97,654 shares of Amazon.com stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total value of $307,618,888.86. Following the transaction, the chief executive officer now owns 54,583,923 shares in the company, valued at approximately $171,944,270,003.07. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 1,377 shares of Amazon.com stock in a transaction on Monday, August 17th. The shares were sold at an average price of $3,173.12, for a total transaction of $4,369,386.24. Following the completion of the transaction, the chief financial officer now owns 2,638 shares in the company, valued at approximately $8,370,690.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,815 shares of company stock worth $324,095,003. 16.10% of the stock is owned by company insiders.

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.

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

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