Gamble Jones Investment Counsel Has $17.92 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gamble Jones Investment Counsel cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,322 shares of the e-commerce giant’s stock after selling 52 shares during the period. Amazon.com accounts for approximately 1.5% of Gamble Jones Investment Counsel’s investment portfolio, making the stock its 12th biggest holding. Gamble Jones Investment Counsel’s holdings in Amazon.com were worth $17,918,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pachira Investments Inc. lifted its position in shares of Amazon.com by 4.3% during the 2nd 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 lifted its position in shares of Amazon.com by 0.3% during the 2nd 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 lifted its position in shares of Amazon.com by 0.4% during the 2nd 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 lifted its position in shares of Amazon.com by 0.8% during the 2nd 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. lifted its position in shares of Amazon.com by 0.3% during the 2nd 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. Institutional investors own 55.60% of the company’s stock.

AMZN stock traded down $2.32 during midday trading on Friday, reaching $1,785.88. 2,123,300 shares of the company’s stock traded hands, compared to its average volume of 4,016,732. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The company has a 50-day moving average price of $1,759.09 and a two-hundred day moving average price of $1,840.01. The firm has a market capitalization of $893.28 billion, a PE ratio of 88.67, a price-to-earnings-growth ratio of 3.20 and a beta of 1.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The company had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. During the same quarter last year, the firm posted $5.75 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 20.52 EPS for the current fiscal year.

In other Amazon.com news, Director Indra K. Nooyi purchased 100 shares of the business’s stock in a transaction on Friday, October 4th. The stock was acquired at an average cost of $1,726.06 per share, for a total transaction of $172,606.00. Following the completion of the transaction, the director now directly owns 250 shares in the company, valued at approximately $431,515. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 1,765 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the sale, the chief financial officer now owns 2,480 shares of the company’s stock, valued at $4,421,840. The disclosure for this sale can be found here. Insiders sold 22,747 shares of company stock valued at $40,737,808 over the last quarter. 16.10% of the stock is owned by company insiders.

AMZN has been the topic of several recent analyst reports. MKM Partners dropped their target price on shares of Amazon.com from $2,350.00 to $2,250.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus set a $2,300.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research report on Sunday, October 20th. Deutsche Bank set a $2,150.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reissued a “buy” rating and set a $2,200.00 target price on shares of Amazon.com in a research report on Friday, October 25th. Finally, Oppenheimer dropped their target price on shares of Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $2,189.97.

About Amazon.com

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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