Home Market News Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Lowe Brockenbrough & Co. Inc.

Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Lowe Brockenbrough & Co. Inc.

by MarketBeat News

Lowe Brockenbrough & Co. Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the first quarter, Holdings Channel reports. The institutional investor owned 8,760 shares of the e-commerce giant’s stock after selling 162 shares during the quarter. Amazon.com comprises approximately 2.1% of Lowe Brockenbrough & Co. Inc.’s holdings, making the stock its 5th largest position. Lowe Brockenbrough & Co. Inc.’s holdings in Amazon.com were worth $28,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,000. Gibson Wealth Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $33,000. Leverty Financial Group LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $36,000. MBM Wealth Consultants LLC boosted its position in shares of Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares during the period. Finally, William Allan LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 72.51% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the sale, the chief executive officer now owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the sale, the chief executive officer now owns 92,781 shares of the company’s stock, valued at $209,870,622. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the sale, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,803 shares of company stock valued at $10,528,337. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price objective on shares of Amazon.com from $194.00 to $175.00 in a research report on Friday, April 29th. Mizuho lowered their price objective on shares of Amazon.com from $197.50 to $155.00 and set a “buy” rating for the company in a research report on Thursday, July 21st. They noted that the move was a valuation call. Credit Suisse Group lowered their price objective on shares of Amazon.com from $185.00 to $170.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. UBS Group increased their price objective on shares of Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, TheStreet cut shares of Amazon.com from a “b” rating to a “c+” rating in a research report on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.99.

Amazon.com Stock Up 2.1 %

AMZN stock opened at $143.55 on Friday. The company has a market cap of $1.46 trillion, a P/E ratio of 128.69, a P/E/G ratio of 6.50 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The company’s 50-day moving average price is $118.65 and its 200 day moving average price is $134.24. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, research analysts expect that Amazon.com, Inc. will post 0.97 earnings per share for the current fiscal year.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).

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

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