Amazon.com Inc. (AMZN) Shares Sold by Argentus Capital Management LLC
Argentus Capital Management LLC lowered its position in Amazon.com Inc. (NASDAQ:AMZN) by 18.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,063 shares of the e-commerce giant’s stock after selling 472 shares during the period. Amazon.com comprises approximately 0.6% of Argentus Capital Management LLC’s holdings, making the stock its 16th largest position. Argentus Capital Management LLC’s holdings in Amazon.com were worth $1,727,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Bartlett & Co. LLC boosted its stake in shares of Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 8 shares in the last quarter. Pathstone Family Office LLC boosted its stake in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management purchased a new stake in shares of Amazon.com during the second quarter worth about $109,000. Finally, D. Scott Neal Inc. boosted its stake in shares of Amazon.com by 3,000.0% in the third quarter. D. Scott Neal Inc. now owns 155 shares of the e-commerce giant’s stock worth $130,000 after buying an additional 150 shares in the last quarter. Institutional investors own 64.77% of the company’s stock.
Amazon.com Inc. (NASDAQ:AMZN) traded down 1.74% during trading on Monday, hitting $766.77. 4,438,828 shares of the company’s stock were exchanged. The firm has a market cap of $364.34 billion, a price-to-earnings ratio of 175.66 and a beta of 1.51. The company’s 50-day moving average price is $789.54 and its 200 day moving average price is $761.26. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $847.21.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The firm earned $32.71 billion during the quarter, compared to the consensus estimate of $32.69 billion. During the same quarter in the prior year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Equities analysts forecast that Amazon.com Inc. will post $4.78 earnings per share for the current fiscal year.
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A number of research firms have recently weighed in on AMZN. Evercore ISI reiterated a “buy” rating and issued a $990.00 price target on shares of Amazon.com in a research report on Monday. Citigroup Inc. dropped their price target on shares of Amazon.com from $965.00 to $960.00 and set a “buy” rating for the company in a research report on Monday. William Blair reiterated a “buy” rating and issued a $719.07 price target on shares of Amazon.com in a research report on Wednesday, November 16th. TheStreet downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Finally, Zacks Investment Research downgraded shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Six equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Amazon.com currently has an average rating of “Buy” and an average target price of $911.75.
In related news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.70% of the stock is currently owned by corporate insiders.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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