Intelligence Driven Advisers LLC Sells 155 Shares of Amazon.com, Inc. (NASDAQ:AMZN)


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Intelligence Driven Advisers LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 92.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12 shares of the e-commerce giant’s stock after selling 155 shares during the period. Intelligence Driven Advisers LLC’s holdings in Amazon.com were worth $580,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Townsend Asset Management Corp NC ADV boosted its holdings in Amazon.com by 4.3% in the third quarter. Townsend Asset Management Corp NC ADV now owns 941 shares of the e-commerce giant’s stock worth $2,963,000 after purchasing an additional 39 shares in the last quarter. Polar Capital LLP boosted its holdings in Amazon.com by 1.7% in the third quarter. Polar Capital LLP now owns 128,949 shares of the e-commerce giant’s stock worth $406,026,000 after purchasing an additional 2,199 shares in the last quarter. Castle Rock Wealth Management LLC boosted its holdings in Amazon.com by 15.5% in the third quarter. Castle Rock Wealth Management LLC now owns 1,477 shares of the e-commerce giant’s stock worth $4,704,000 after purchasing an additional 198 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Amazon.com by 4.1% in the third quarter. Peapack Gladstone Financial Corp now owns 10,088 shares of the e-commerce giant’s stock worth $31,764,000 after purchasing an additional 395 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Amazon.com by 19.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 24,618 shares of the e-commerce giant’s stock worth $77,437,000 after purchasing an additional 4,048 shares in the last quarter. Hedge funds and other institutional investors own 56.39% of the company’s stock.

In other news, VP Shelley Reynolds sold 293 shares of the stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $3,085.62, for a total transaction of $904,086.66. Following the sale, the vice president now directly owns 6,282 shares of the company’s stock, valued at $19,383,864.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $3,061.74, for a total transaction of $21,263,784.30. Following the sale, the chief executive officer now directly owns 82,599 shares in the company, valued at $252,896,662.26. The disclosure for this sale can be found here. Insiders have sold 14,927 shares of company stock worth $46,256,596 over the last three months. 16.10% of the stock is owned by insiders.

NASDAQ AMZN opened at $3,165.89 on Thursday. The firm has a market cap of $1.59 trillion, a price-to-earnings ratio of 92.71, a PEG ratio of 2.43 and a beta of 1.19. The company has a 50 day moving average of $3,186.56 and a 200-day moving average of $3,160.85. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 1-year low of $1,626.03 and a 1-year high of $3,552.25.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $7.41 by $4.96. The company had revenue of $96.15 billion during the quarter, compared to analyst estimates of $92.56 billion. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The company’s revenue was up 37.4% on a year-over-year basis. During the same quarter last year, the business posted $4.23 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 34.56 earnings per share for the current year.

A number of research firms have issued reports on AMZN. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating and set a $3,277.00 price target for the company. in a report on Wednesday. Societe Generale upped their price target on shares of Amazon.com from $2,730.00 to $3,660.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Wedbush upped their price target on shares of Amazon.com from $3,700.00 to $3,900.00 in a report on Friday, October 30th. Smith Barney Citigroup upped their price target on shares of Amazon.com from $3,550.00 to $3,600.00 in a report on Tuesday, November 3rd. Finally, Royal Bank of Canada restated a “buy” rating on shares of Amazon.com in a report on Friday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $3,645.47.

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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