Signet Financial Management LLC Has $5.70 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Signet Financial Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,760 shares of the e-commerce giant’s stock after selling 96 shares during the quarter. Amazon.com comprises 1.3% of Signet Financial Management LLC’s holdings, making the stock its 19th largest holding. Signet Financial Management LLC’s holdings in Amazon.com were worth $5,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Amazon.com by 18.5% during the second quarter. Bank of New York Mellon Corp now owns 4,516,147 shares of the e-commerce giant’s stock valued at $12,459,236,000 after acquiring an additional 704,255 shares in the last quarter. Softbank Group Corp bought a new stake in Amazon.com during the second quarter worth $1,044,131,000. Nordea Investment Management AB grew its holdings in Amazon.com by 97.3% during the second quarter. Nordea Investment Management AB now owns 684,666 shares of the e-commerce giant’s stock worth $1,858,320,000 after buying an additional 337,591 shares in the last quarter. FMR LLC grew its holdings in Amazon.com by 1.3% during the second quarter. FMR LLC now owns 16,051,633 shares of the e-commerce giant’s stock worth $44,283,569,000 after buying an additional 212,006 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Amazon.com by 49.7% during the third quarter. CIBC Private Wealth Group LLC now owns 571,017 shares of the e-commerce giant’s stock worth $1,795,877,000 after buying an additional 189,453 shares in the last quarter. 52.82% of the stock is currently owned by institutional investors.

AMZN stock opened at $3,099.40 on Friday. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $3,552.25. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1,555.13 billion, a PE ratio of 90.76, a price-to-earnings-growth ratio of 3.21 and a beta of 1.29. The business has a 50 day moving average of $3,195.50 and a 200 day moving average of $2,974.12.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $7.41 by $4.96. The company had revenue of $96.15 billion during the quarter, compared to analyst estimates of $92.56 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter last year, the company earned $4.23 EPS. On average, research analysts expect that Amazon.com, Inc. will post 33.77 earnings per share for the current fiscal year.

In other Amazon.com news, SVP David Zapolsky sold 1,238 shares of Amazon.com stock in a transaction on Monday, November 16th. The stock was sold at an average price of $3,085.62, for a total value of $3,819,997.56. Following the completion of the sale, the senior vice president now owns 4,843 shares of the company’s stock, valued at approximately $14,943,657.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 293 shares of Amazon.com stock in a transaction on Monday, November 16th. The stock was sold at an average price of $3,085.62, for a total value of $904,086.66. Following the completion of the sale, the vice president now directly owns 6,282 shares of the company’s stock, valued at approximately $19,383,864.84. The disclosure for this sale can be found here. In the last three months, insiders sold 12,441 shares of company stock valued at $38,485,392. Corporate insiders own 16.10% of the company’s stock.

Several research firms have weighed in on AMZN. DA Davidson boosted their price objective on Amazon.com from $2,625.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Monday, October 12th. Raymond James upped their price target on Amazon.com from $2,525.00 to $3,500.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Oppenheimer dropped their price target on Amazon.com from $3,700.00 to $3,500.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Finally, Edward Jones reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, July 31st. Four analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $3,580.13.

Amazon.com 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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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