Gamco Investors INC. ET AL Lowers Stake in Amazon.com, Inc. (AMZN)

Gamco Investors INC. ET AL cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,177 shares of the e-commerce giant’s stock after selling 135 shares during the period. Gamco Investors INC. ET AL’s holdings in Amazon.com were worth $3,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Vestor Capital LLC grew its position in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the period. Whitnell & Co. grew its position in Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the period. LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com in the second quarter valued at $116,000. Mountain Capital Investment Advisors Inc bought a new stake in Amazon.com in the second quarter valued at $121,000. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Amazon.com by 22.2% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 154 shares of the e-commerce giant’s stock valued at $153,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 59.78% of the company’s stock.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tom A. Alberg sold 835 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now directly owns 17,114 shares in the company, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock worth $444,391,701 in the last three months. Insiders own 17.70% of the company’s stock.

Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,305.20 on Friday. Amazon.com, Inc. has a one year low of $803.00 and a one year high of $1,305.76. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $628,939.31, a PE ratio of 331.27, a price-to-earnings-growth ratio of 7.77 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same period in the previous year, the company posted $0.52 EPS. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. equities research analysts expect that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.

Several analysts have recently commented on the company. Robert W. Baird restated a “buy” rating and set a $1,310.00 target price on shares of Amazon.com in a report on Monday, January 8th. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Stifel Nicolaus increased their target price on Amazon.com from $1,313.00 to $1,425.00 and gave the stock a “buy” rating in a report on Thursday. SunTrust Banks restated a “buy” rating and set a $1,400.00 target price (up previously from $1,270.00) on shares of Amazon.com in a report on Friday. Finally, Cantor Fitzgerald restated a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a report on Thursday, September 28th. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,262.35.

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About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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