Mcdonald Capital Investors Inc. CA Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Mcdonald Capital Investors Inc. CA cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 574,906 shares of the e-commerce giant’s stock after selling 13,654 shares during the period. Amazon.com accounts for 6.6% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 7th biggest position. Mcdonald Capital Investors Inc. CA’s holdings in Amazon.com were worth $107,122,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. Legal & General Group Plc boosted its holdings in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Amazon.com by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock worth $7,917,906,000 after buying an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Amazon.com by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock worth $6,161,579,000 after buying an additional 464,938 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $227.46 on Monday. The business’s fifty day simple moving average is $201.65 and its 200-day simple moving average is $189.78. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $231.20. The stock has a market cap of $2.39 trillion, a P/E ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the company posted $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group increased their target price on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Monness Crespi & Hardt increased their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $238.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred 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 approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

About Amazon.com

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.