Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Legacy Capital Partners Inc.

Legacy Capital Partners Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,790 shares of the e-commerce giant’s stock after selling 15 shares during the quarter. Amazon.com comprises about 2.1% of Legacy Capital Partners Inc.’s holdings, making the stock its 9th largest holding. Legacy Capital Partners Inc.’s holdings in Amazon.com were worth $4,843,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Benin Management CORP grew its position in Amazon.com by 5.0% in the third quarter. Benin Management CORP now owns 1,379 shares of the e-commerce giant’s stock worth $2,394,000 after acquiring an additional 66 shares during the period. Norway Savings Bank grew its position in Amazon.com by 203.3% in the third quarter. Norway Savings Bank now owns 279 shares of the e-commerce giant’s stock worth $484,000 after acquiring an additional 187 shares during the period. Cibc Bank USA grew its position in Amazon.com by 1.1% in the third quarter. Cibc Bank USA now owns 5,273 shares of the e-commerce giant’s stock worth $9,154,000 after acquiring an additional 56 shares during the period. Patten Group Inc. grew its position in Amazon.com by 22.4% in the third quarter. Patten Group Inc. now owns 175 shares of the e-commerce giant’s stock worth $304,000 after acquiring an additional 32 shares during the period. Finally, Westbourne Investment Advisors Inc. grew its position in Amazon.com by 3.0% in the third quarter. Westbourne Investment Advisors Inc. now owns 243 shares of the e-commerce giant’s stock worth $422,000 after acquiring an additional 7 shares during the period. 55.73% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on AMZN. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, July 29th. Cowen set a $2,500.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Monday, July 15th. Robert W. Baird set a $2,150.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 26th. KeyCorp reiterated an “overweight” rating and issued a $2,200.00 price objective (up from $2,100.00) on shares of Amazon.com in a research report on Monday, July 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $2,240.04.

In related news, Director Indra K. Nooyi bought 100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of $1,726.06 per share, for a total transaction of $172,606.00. Following the completion of the acquisition, the director now owns 250 shares in the company, valued at approximately $431,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,475,100. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,443 shares of company stock valued at $40,205,835. 16.10% of the stock is currently owned by company insiders.

NASDAQ:AMZN opened at $1,762.17 on Thursday. The firm has a market cap of $873.43 billion, a PE ratio of 87.50, a price-to-earnings-growth ratio of 2.28 and a beta of 1.54. The stock has a fifty day moving average price of $1,772.78 and a 200 day moving average price of $1,845.44. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The company had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $5.07 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 23.6 EPS 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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