Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Decreased by Sonata Capital Group Inc.
Sonata Capital Group Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,494 shares of the e-commerce giant’s stock after selling 500 shares during the quarter. Amazon.com comprises about 2.9% of Sonata Capital Group Inc.’s portfolio, making the stock its 9th biggest position. Sonata Capital Group Inc.’s holdings in Amazon.com were worth $4,329,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Enterprise Trust & Investment Co purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $27,000. Phocas Financial Corp. purchased a new stake in Amazon.com during the 2nd quarter worth approximately $4,545,000. Litman Gregory Asset Management LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $53,000. Clear Investment Research LLC increased its stake in Amazon.com by 27.6% during the 2nd quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock worth $70,000 after buying an additional 8 shares in the last quarter. Finally, Financial Advantage Inc. increased its stake 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 buying an additional 8 shares in the last quarter. Institutional investors own 55.60% of the company’s stock.
NASDAQ:AMZN traded down $7.44 during trading hours on Friday, reaching $1,780.76. 134,155 shares of the stock were exchanged, compared to its average volume of 3,108,799. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $1,759.99 and a two-hundred day moving average of $1,840.43. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The company has a market capitalization of $893.28 billion, a price-to-earnings ratio of 88.48, a PEG ratio of 3.20 and a beta of 1.56.
Several equities research analysts have commented on AMZN shares. Credit Suisse Group reiterated an “outperform” rating and set a $2,100.00 price objective (down from $2,400.00) on shares of Amazon.com in a research note on Friday, October 25th. Macquarie set a $2,200.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 25th. BidaskClub cut Amazon.com from a “sell” rating to a “strong sell” rating in a report on Thursday, September 19th. Mizuho boosted their target price on Amazon.com from $2,150.00 to $2,200.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer lowered their target price on Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $2,189.97.
In related news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the completion of the transaction, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Mcgrath sold 304 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $1,749.91, for a total transaction of $531,972.64. Following the transaction, the director now owns 2,324 shares of the company’s stock, valued at approximately $4,066,790.84. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock worth $40,737,808 in the last ninety days. 16.10% of the stock is owned by corporate insiders.
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.
Featured Article: Technical Analysis of Stocks and What It Means
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.