Amazon.com, Inc. $AMZN Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,567 shares of the e-commerce giant's stock after selling 2,359 shares during the quarter. Amazon.com comprises 1.3% of BLB&B Advisors LLC's portfolio, making the stock its 20th largest position. BLB&B Advisors LLC's holdings in Amazon.com were worth $36,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Petersen Hastings Wealth Advisors Inc. increased its position in Amazon.com by 3.0% in the third quarter. Petersen Hastings Wealth Advisors Inc. now owns 4,086 shares of the e-commerce giant's stock worth $1,018,000 after buying an additional 120 shares during the period. AMI Investment Management Inc. lifted its stake in Amazon.com by 23.6% in the third quarter. AMI Investment Management Inc. now owns 23,294 shares of the e-commerce giant's stock valued at $5,804,000 after buying an additional 4,443 shares during the last quarter. Sigma Investment Counselors Inc. lifted its stake in Amazon.com by 14.6% in the third quarter. Sigma Investment Counselors Inc. now owns 79,703 shares of the e-commerce giant's stock valued at $19,858,000 after buying an additional 10,124 shares during the last quarter. Armor Investment Advisors LLC boosted its holdings in shares of Amazon.com by 5.6% during the third quarter. Armor Investment Advisors LLC now owns 2,824 shares of the e-commerce giant's stock valued at $704,000 after acquiring an additional 150 shares during the period. Finally, Parametrica Management Ltd acquired a new position in shares of Amazon.com during the third quarter valued at $5,730,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. Susquehanna restated a "positive" rating on shares of Amazon.com in a research report on Friday, October 30th. Citizens Jmp cut their price objective on shares of Amazon.com from $315.00 to $275.00 and set a "market outperform" rating on the stock in a research report on Friday, October 30th. Royal Bank Of Canada reissued an "outperform" rating and set a $330.00 target price on shares of Amazon.com in a research note on Friday, October 30th. UBS Group restated a "buy" rating and issued a $348.00 target price (up from $318.00) on shares of Amazon.com in a research report on Monday, October 26th. Finally, Evercore restated an "outperform" rating on shares of Amazon.com in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Amazon.com Stock Performance

Shares of AMZN traded down $0.78 during trading hours on Friday, reaching $266.66. 31,035,709 shares of the company's stock traded hands, compared to its average volume of 50,501,436. The firm has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The business's fifty day simple moving average is $254.82 and its two-hundred day simple moving average is $244.32.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). The company had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.95 EPS. Analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares of the company's stock, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock worth $18,545,595 in the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com News Summary

Investors following AMZN have been watching these news items:

• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks article
• Neutral Sentiment: A planned launch of 40 Amazon Leo satellites could advance its satellite-internet service, although the launch itself does not establish the service’s eventual commercial returns. TipRanks article
• Negative Sentiment: Amazon’s European unit and managers could face a criminal trial in Italy over alleged unpaid import VAT and customs duties on third-party cross-border sales. A trial could bring legal costs, penalties, or reputational risk; the allegations have not been resolved. Yahoo Finance article

Amazon.com Profile

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.

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