Amazon.com, Inc. (AMZN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,676 shares of the e-commerce giant’s stock after selling 569 shares during the quarter. Amazon.com makes up 0.8% of Mutual of America Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Mutual of America Capital Management LLC’s holdings in Amazon.com were worth $49,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Vestor Capital LLC increased its stake in shares of Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC increased its stake in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after acquiring an additional 731 shares during the last quarter. WealthTrust Arizona LLC increased its stake in shares of Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com in the second quarter worth $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Amazon.com in the second quarter worth $121,000. 59.76% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on AMZN. Stifel Nicolaus reissued a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research report on Tuesday, October 24th. Loop Capital set a $1,200.00 target price on shares of 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 target price on shares of Amazon.com and gave the stock a “buy” rating in a research report on Monday, September 11th. Needham & Company LLC reissued a “buy” rating and set a $1,250.00 target price (up from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Finally, Cantor Fitzgerald increased their target price on shares of Amazon.com to $1,360.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,237.19.

In other news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $11,603,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 402,338 shares of company stock worth $444,391,701. Insiders own 17.00% of the company’s stock.

Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,187.38 on Wednesday. The firm has a market cap of $572,170.00, a price-to-earnings ratio of 299.27, a PEG ratio of 13.34 and a beta of 1.46. Amazon.com, Inc. has a 52-week low of $747.70 and a 52-week high of $1,213.41. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

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

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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.

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

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