Bernicke Wealth Management Ltd. Sells 75 Shares of Amazon.com, Inc. (AMZN)

Bernicke Wealth Management Ltd. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 489 shares of the e-commerce giant’s stock after selling 75 shares during the quarter. Amazon.com comprises about 0.5% of Bernicke Wealth Management Ltd.’s holdings, making the stock its 18th largest position. Bernicke Wealth Management Ltd.’s holdings in Amazon.com were worth $708,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Palladium Partners LLC raised its holdings in Amazon.com by 6.9% during the 1st quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock worth $714,000 after purchasing an additional 32 shares during the last quarter. Cim Investment Mangement Inc. increased its stake in shares of Amazon.com by 2.1% in the 1st quarter. Cim Investment Mangement Inc. now owns 1,608 shares of the e-commerce giant’s stock valued at $2,327,000 after acquiring an additional 33 shares in the last quarter. American Economic Planning Group Inc. ADV increased its stake in shares of Amazon.com by 5.0% in the 1st quarter. American Economic Planning Group Inc. ADV now owns 720 shares of the e-commerce giant’s stock valued at $1,042,000 after acquiring an additional 34 shares in the last quarter. Oxbow Advisors LLC increased its stake in shares of Amazon.com by 2.3% in the 4th quarter. Oxbow Advisors LLC now owns 1,555 shares of the e-commerce giant’s stock valued at $1,819,000 after acquiring an additional 35 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its stake in shares of Amazon.com by 7.2% in the 1st quarter. Reilly Financial Advisors LLC now owns 519 shares of the e-commerce giant’s stock valued at $751,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

AMZN opened at $1,886.52 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The firm has a market cap of $920.03 billion, a price-to-earnings ratio of 414.62, a PEG ratio of 4.12 and a beta of 1.60. Amazon.com, Inc. has a 1 year low of $931.75 and a 1 year high of $1,925.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion for the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. analysts expect that Amazon.com, Inc. will post 17.27 EPS for the current fiscal year.

AMZN has been the subject of several research analyst reports. Susquehanna Bancshares lifted their price objective on shares of Amazon.com from $1,850.00 to $2,000.00 in a research note on Friday, April 27th. Royal Bank of Canada reiterated a “$1,842.92” rating on shares of Amazon.com in a research note on Wednesday, July 18th. Wedbush set a $1,800.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, April 27th. Aegis reiterated a “buy” rating and issued a $1,999.00 price objective (up previously from $1,709.00) on shares of Amazon.com in a research note on Friday, April 27th. Finally, SunTrust Banks lifted their price objective on shares of Amazon.com to $1,900.00 and gave the company a “buy” rating in a research note on Friday, April 27th. Two research analysts have rated the stock with a hold rating, fifty have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,933.51.

In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of Amazon.com stock in a transaction on Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total transaction of $8,919,050.00. Following the transaction, the director now directly owns 10,752 shares in the company, valued at $19,179,525.12. The disclosure for this sale can be found here. Insiders have sold a total of 8,550 shares of company stock worth $15,104,358 over the last ninety days. Insiders own 16.30% of the company’s stock.

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) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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