Outfitter Advisors LTD. Decreases Stake in Amazon.com, Inc. (AMZN)

Outfitter Advisors LTD. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,813 shares of the e-commerce giant’s stock after selling 1 shares during the quarter. Outfitter Advisors LTD.’s holdings in Amazon.com were worth $1,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Advisors Corp lifted its position in Amazon.com by 19.5% during the first quarter. Asset Advisors Corp now owns 5,295 shares of the e-commerce giant’s stock worth $4,694,000 after buying an additional 865 shares in the last quarter. Rand Wealth LLC lifted its position in Amazon.com by 9.6% during the first quarter. Rand Wealth LLC now owns 2,035 shares of the e-commerce giant’s stock worth $1,804,000 after buying an additional 179 shares in the last quarter. Braun Stacey Associates Inc. lifted its position in Amazon.com by 6.8% during the first quarter. Braun Stacey Associates Inc. now owns 28,355 shares of the e-commerce giant’s stock worth $25,138,000 after buying an additional 1,798 shares in the last quarter. IFP Advisors Inc lifted its position in Amazon.com by 40.5% during the first quarter. IFP Advisors Inc now owns 12,841 shares of the e-commerce giant’s stock worth $11,384,000 after buying an additional 3,703 shares in the last quarter. Finally, Leavell Investment Management Inc. lifted its position in Amazon.com by 18.4% during the first quarter. Leavell Investment Management Inc. now owns 393 shares of the e-commerce giant’s stock worth $348,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 60.77% of the company’s stock.

A number of equities analysts recently commented on AMZN shares. Stifel Nicolaus reiterated a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price objective on the stock. in a research report on Tuesday, July 18th. Loop Capital set a $1,200.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 20th. Royal Bank Of Canada set a $1,100.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Monday, September 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,142.08.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share.

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In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian T. Olsavsky sold 2,334 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total transaction of $2,308,092.60. Following the transaction, the insider now owns 1,748 shares in the company, valued at $1,728,597.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,083 shares of company stock worth $8,874,850. Company insiders own 17.70% of the company’s stock.

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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