Amazon.com, Inc. (NASDAQ:AMZN) is Ferguson Wellman Capital Management Inc.’s 10th Largest Position

Ferguson Wellman Capital Management Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 543,375 shares of the e-commerce giant’s stock after selling 38,171 shares during the period. Amazon.com accounts for 2.1% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 10th largest position. Ferguson Wellman Capital Management Inc.’s holdings in Amazon.com were worth $101,247,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AMZN. Garrison Point Advisors LLC grew its holdings in Amazon.com by 0.3% in the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares in the last quarter. O Connor Financial Group LLC increased its holdings in shares of Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares during the period. Cherrydale Wealth Management LLC lifted its holdings in Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares during the period. Finally, Lutz Financial Services LLC boosted its holdings in shares of Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after acquiring an additional 57 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on AMZN shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Needham & Company LLC lifted their target price on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Maxim Group lifted their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $204.61 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $192.19 and a 200 day moving average price of $186.06. The company has a market cap of $2.15 trillion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $141.50 and a twelve month high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.