Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Renaissance Investment Group LLC

Renaissance Investment Group LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the third quarter, Holdings Channel reports. The firm owned 304 shares of the e-commerce giant’s stock after selling 10 shares during the period. Renaissance Investment Group LLC’s holdings in Amazon.com were worth $528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Pachira Investments Inc. grew its position in shares of Amazon.com by 4.3% during the second quarter. Pachira Investments Inc. now owns 120 shares of the e-commerce giant’s stock worth $227,000 after buying an additional 5 shares in the last quarter. West Oak Capital LLC grew its position in shares of Amazon.com by 0.3% during the second quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock worth $2,755,000 after buying an additional 5 shares in the last quarter. Dorsey Wright & Associates grew its position in shares of Amazon.com by 0.4% during the second quarter. Dorsey Wright & Associates now owns 1,476 shares of the e-commerce giant’s stock worth $2,795,000 after buying an additional 6 shares in the last quarter. RDA Financial Network grew its position in shares of Amazon.com by 0.8% during the second quarter. RDA Financial Network now owns 806 shares of the e-commerce giant’s stock worth $1,574,000 after buying an additional 6 shares in the last quarter. Finally, Altman Advisors Inc. grew its position in shares of Amazon.com by 0.3% during the second quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock worth $3,715,000 after buying an additional 6 shares in the last quarter. 55.73% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on the company. Jefferies Financial Group set a $2,300.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday. Goldman Sachs Group reissued a “buy” rating and set a $2,350.00 price objective (down from $2,400.00) on shares of Amazon.com in a research report on Tuesday. Robert W. Baird set a $2,150.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 26th. Wells Fargo & Co boosted their price objective on Amazon.com from $2,200.00 to $2,300.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-nine have assigned a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $2,258.44.

Shares of NASDAQ AMZN opened at $1,757.51 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,035.80. The stock has a 50 day moving average of $1,774.14 and a two-hundred day moving average of $1,846.58. The stock has a market cap of $884.19 billion, a P/E ratio of 74.17, a P/E/G ratio of 2.31 and a beta of 1.54.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The firm had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the prior year, the firm posted $5.07 EPS. Amazon.com’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 23.6 earnings per share for the current year.

In other Amazon.com news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total value of $672,887.97. Following the completion of the sale, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Indra K. Nooyi acquired 100 shares of Amazon.com stock in a transaction on Friday, October 4th. The stock was purchased at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the purchase, the director now owns 250 shares of the company’s stock, valued at approximately $431,515. The disclosure for this purchase can be found here. In the last quarter, insiders sold 22,443 shares of company stock valued at $40,205,835. 16.10% of the stock is owned by company 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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