Crossmark Global Holdings Inc. Sells 1,112 Shares of Amazon.com, Inc. (AMZN)

Crossmark Global Holdings Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,143 shares of the e-commerce giant’s stock after selling 1,112 shares during the quarter. Amazon.com makes up about 1.1% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 4th biggest holding. Crossmark Global Holdings Inc.’s holdings in Amazon.com were worth $39,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. BKD Wealth Advisors LLC increased its holdings in Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after buying an additional 28 shares during the last quarter. SignalPoint Asset Management LLC increased its holdings in Amazon.com by 2.0% in the second quarter. SignalPoint Asset Management LLC now owns 1,453 shares of the e-commerce giant’s stock valued at $2,470,000 after buying an additional 29 shares during the last quarter. Granite Springs Asset Management LLC boosted its stake in Amazon.com by 6.1% in the second quarter. Granite Springs Asset Management LLC now owns 518 shares of the e-commerce giant’s stock valued at $880,000 after acquiring an additional 30 shares during the period. Cornerstone Advisors Inc. boosted its stake in Amazon.com by 3.9% in the second quarter. Cornerstone Advisors Inc. now owns 802 shares of the e-commerce giant’s stock valued at $1,363,000 after acquiring an additional 30 shares during the period. Finally, Private Trust Co. NA boosted its stake in Amazon.com by 0.7% in the second quarter. Private Trust Co. NA now owns 4,504 shares of the e-commerce giant’s stock valued at $7,655,000 after acquiring an additional 31 shares during the period. 56.73% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the company. Nomura restated a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. Canaccord Genuity lifted their target price on Amazon.com from $2,000.00 to $2,100.00 and gave the company a “buy” rating in a research note on Friday, July 27th. BidaskClub downgraded Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, July 11th. Finally, Macquarie restated a “buy” rating on shares of Amazon.com in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and forty-six have given a buy rating to the company’s stock. Amazon.com presently has an average rating of “Buy” and an average price target of $2,091.53.



AMZN opened at $1,598.01 on Thursday. The company has a market capitalization of $803.28 billion, a price-to-earnings ratio of 351.21, a PEG ratio of 3.20 and a beta of 1.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. Amazon.com, Inc. has a 1-year low of $1,086.87 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. The firm had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. On average, analysts predict that Amazon.com, Inc. will post 18.68 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 16,964 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the completion of the sale, the chief executive officer now directly owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 1,927 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the completion of the sale, the senior vice president now owns 3,161 shares of the company’s stock, valued at $6,005,773.56. The disclosure for this sale can be found here. Insiders sold 37,272 shares of company stock valued at $66,675,598 over the last 90 days. 16.30% of the stock is currently owned by insiders.

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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