Amazon.com, Inc. $AMZN Position Lowered by Argent Capital Management LLC

Argent Capital Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 970,420 shares of the e-commerce giant’s stock after selling 9,536 shares during the period. Amazon.com comprises 5.8% of Argent Capital Management LLC’s holdings, making the stock its 3rd biggest position. Argent Capital Management LLC’s holdings in Amazon.com were worth $213,075,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMZN. Barlow Wealth Partners Inc. grew its holdings in Amazon.com by 0.4% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after buying an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC boosted its position in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after acquiring an additional 45 shares during the last quarter. Probity Advisors Inc. grew its holdings in shares of Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after purchasing an additional 45 shares in the last quarter. IMPACTfolio LLC increased its position in Amazon.com by 3.8% in the third quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after purchasing an additional 45 shares during the last quarter. Finally, Union Savings Bank raised its stake in Amazon.com by 0.4% during the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after purchasing an additional 45 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. This represents a 4.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 82,234 shares of company stock worth $19,076,767 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $232.52 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $231.09 and its two-hundred day moving average is $226.27. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a market capitalization of $2.49 trillion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $1.43 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James Financial lifted their price objective on shares of Amazon.com from $230.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Maxim Group increased their price target on shares of Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 31st. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday, November 18th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Monday, December 8th. Finally, Rothschild Redb cut Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $295.50.

Check Out Our Latest Stock Analysis on Amazon.com

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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