Boston Advisors LLC Has $29.03 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Boston Advisors LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,725 shares of the e-commerce giant’s stock after selling 1,636 shares during the period. Amazon.com makes up 1.5% of Boston Advisors LLC’s holdings, making the stock its 4th biggest holding. Boston Advisors LLC’s holdings in Amazon.com were worth $29,033,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Bath Savings Trust Co boosted its stake in Amazon.com by 7.3% during the second quarter. Bath Savings Trust Co now owns 4,076 shares of the e-commerce giant’s stock valued at $7,718,000 after buying an additional 276 shares during the last quarter. Advisory Services Network LLC boosted its stake in Amazon.com by 25.1% during the second quarter. Advisory Services Network LLC now owns 10,767 shares of the e-commerce giant’s stock valued at $20,388,000 after buying an additional 2,159 shares during the last quarter. LVM Capital Management Ltd. MI boosted its stake in Amazon.com by 9.7% during the second quarter. LVM Capital Management Ltd. MI now owns 227 shares of the e-commerce giant’s stock valued at $430,000 after buying an additional 20 shares during the last quarter. Private Asset Management Inc. boosted its stake in Amazon.com by 1.6% during the second quarter. Private Asset Management Inc. now owns 5,716 shares of the e-commerce giant’s stock valued at $10,824,000 after buying an additional 92 shares during the last quarter. Finally, South Texas Money Management Ltd. boosted its stake in Amazon.com by 5.5% during the second quarter. South Texas Money Management Ltd. now owns 24,766 shares of the e-commerce giant’s stock valued at $46,898,000 after buying an additional 1,287 shares during the last quarter. 55.62% of the stock is owned by institutional investors.

A number of equities analysts recently commented on AMZN shares. JPMorgan Chase & Co. reissued a “buy” rating and set a $2,200.00 price target on shares of Amazon.com in a research note on Friday, October 25th. Bank of America reaffirmed a “buy” rating and issued a $2,250.00 price objective (down from $2,350.00) on shares of Amazon.com in a research note on Monday, October 21st. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, November 6th. Susquehanna Bancshares set a $2,200.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada lowered their price objective on Amazon.com to $2,500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $2,189.97.

In other Amazon.com news, CFO Brian T. Olsavsky sold 1,765 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the transaction, the chief financial officer now directly owns 2,480 shares in the company, valued at approximately $4,421,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 379 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the transaction, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The disclosure for this sale can be found here. Insiders have sold a total of 22,747 shares of company stock valued at $40,737,808 over the last three months. 16.10% of the stock is owned by corporate insiders.

Shares of AMZN stock opened at $1,778.00 on Wednesday. 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 0.40, a quick ratio of 0.84 and a current ratio of 1.10. The firm has a market capitalization of $885.43 billion, a P/E ratio of 88.28, a P/E/G ratio of 3.17 and a beta of 1.56. The stock has a 50 day moving average price of $1,758.47 and a 200 day moving average price of $1,838.37.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. During the same period in the prior year, the business posted $5.75 earnings per share. Amazon.com’s revenue was up 23.7% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 20.52 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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