Evanson Asset Management LLC Sells 34 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evanson Asset Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,459 shares of the e-commerce giant’s stock after selling 34 shares during the quarter. Amazon.com makes up 1.6% of Evanson Asset Management LLC’s portfolio, making the stock its 12th largest position. Evanson Asset Management LLC’s holdings in Amazon.com were worth $7,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Selz Capital LLC raised its holdings in shares of Amazon.com by 261.5% in the 3rd quarter. Selz Capital LLC now owns 14,100 shares of the e-commerce giant’s stock valued at $24,476,000 after purchasing an additional 10,200 shares in the last quarter. Burns J W & Co. Inc. NY raised its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 4,605 shares of the e-commerce giant’s stock valued at $7,994,000 after purchasing an additional 18 shares in the last quarter. VeraBank N.A. raised its holdings in shares of Amazon.com by 3.3% in the 3rd quarter. VeraBank N.A. now owns 313 shares of the e-commerce giant’s stock valued at $543,000 after purchasing an additional 10 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC raised its holdings in shares of Amazon.com by 3.9% in the 3rd quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,051 shares of the e-commerce giant’s stock valued at $1,808,000 after purchasing an additional 39 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC raised its holdings in shares of Amazon.com by 47.6% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 369 shares of the e-commerce giant’s stock valued at $641,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 55.71% of the company’s stock.

Several research firms have recently commented on AMZN. Robert W. Baird set a $2,150.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, July 26th. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. MKM Partners restated a “buy” rating and issued a $2,350.00 price target (up previously from $2,240.00) on shares of Amazon.com in a report on Friday, August 2nd. KeyCorp restated an “overweight” rating and issued a $2,200.00 price target (up previously from $2,100.00) on shares of Amazon.com in a report on Monday, July 22nd. Finally, Pivotal Research restated a “buy” rating and issued a $2,615.00 price target (down previously from $2,750.00) on shares of Amazon.com in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $2,256.29.

In related news, Director Indra K. Nooyi bought 100 shares of the company’s stock in a transaction on Friday, October 4th. The shares were bought at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the transaction, the director now owns 250 shares in the company, valued at $431,515. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $17,739,900. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,443 shares of company stock worth $40,205,835. 16.10% of the stock is owned by insiders.

NASDAQ:AMZN traded up $21.11 during trading hours on Friday, hitting $1,741.37. 2,315,973 shares of the company were exchanged, compared to its average volume of 3,106,419. The stock has a market capitalization of $861.62 billion, a price-to-earnings ratio of 86.46, a PEG ratio of 2.17 and a beta of 1.54. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. The company’s 50 day moving average price is $1,776.47 and its 200-day moving average price is $1,847.28.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $5.07 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 24.01 earnings per share for the current year.

About Amazon.com

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

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

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