Searle & CO. Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Searle & CO. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 268 shares of the e-commerce giant’s stock after selling 15 shares during the period. Searle & CO.’s holdings in Amazon.com were worth $495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Macroview Investment Management LLC boosted its stake in shares of Amazon.com by 166.7% during the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 10 shares during the period. NewSquare Capital LLC grew its stake in Amazon.com by 533.3% in the fourth quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after purchasing an additional 16 shares in the last quarter. Phocas Financial Corp. bought a new position in Amazon.com in the second quarter worth approximately $4,545,000. Pflug Koory LLC grew its stake in Amazon.com by 30.8% in the fourth quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 8 shares in the last quarter. Finally, Financial Advantage Inc. increased its holdings in Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after purchasing an additional 8 shares during the period. 56.40% of the stock is owned by institutional investors.

AMZN has been the subject of several research reports. Mizuho increased their price target on Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus set a $2,300.00 price target on Amazon.com and gave the company a “buy” rating in a research note on Sunday, October 20th. Piper Jaffray Companies decreased their price objective on Amazon.com from $2,225.00 to $2,150.00 and set an “overweight” rating for the company in a report on Friday, October 25th. UBS Group upped their price objective on shares of Amazon.com from $2,100.00 to $2,305.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $2,200.00 target price (up from $2,100.00) on shares of Amazon.com in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have issued a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and an average price target of $2,180.56.

AMZN opened at $1,892.00 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 12-month low of $1,566.76 and a 12-month high of $2,035.80. The firm has a 50 day moving average of $1,826.40 and a two-hundred day moving average of $1,816.82. The firm has a market capitalization of $938.05 billion, a PE ratio of 83.79, a P/E/G ratio of 2.59 and a beta of 1.50.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The business had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $5.75 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 20.51 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 3,475 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1,745.57, for a total value of $6,065,855.75. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $17,455,700. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 1,265 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1,760.05, for a total transaction of $2,226,463.25. Following the completion of the sale, the chief financial officer now directly owns 2,480 shares in the company, valued at $4,364,924. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,196 shares of company stock valued at $17,869,618. 16.10% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

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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