Amazon.com, Inc. $AMZN Stock Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 407,714 shares of the e-commerce giant’s stock after selling 54,660 shares during the quarter. Amazon.com accounts for 8.3% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 4th biggest holding. Mcdonald Capital Investors Inc. CA’s holdings in Amazon.com were worth $101,582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after buying an additional 3,414 shares during the period. TOP Private Wealth LLC. acquired a new stake in Amazon.com in the second quarter valued at $29,000. Bard Associates Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth $33,000. Finally, Atomic Invest LLC boosted its position in shares of Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after purchasing an additional 49 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,545,595 in the last ninety days. Company insiders own 8.90% of the company’s stock.

Trending Headlines about Amazon.com

Here are a few of the latest headlines about AMZN:

• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks article
• Negative Sentiment: Amazon’s European unit and managers could face a criminal trial in Italy over alleged unpaid import VAT and customs duties on third-party cross-border sales. A trial could bring legal costs, penalties, or reputational risk; the allegations have not been resolved. Yahoo Finance article
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

Amazon.com Trading Down 0.3%

AMZN stock traded down $0.78 during midday trading on Friday, hitting $266.66. The stock had a trading volume of 31,035,709 shares, compared to its average volume of 50,501,436. The firm has a market cap of $2.88 trillion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. The company’s 50-day moving average price is $254.82 and its 200 day moving average price is $244.32. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. During the same quarter in the previous year, the company earned $1.95 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMZN shares. Wells Fargo & Company cut their price target on shares of Amazon.com from $329.00 to $326.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Roth Capital reiterated a “buy” rating and issued a $325.00 price objective on shares of Amazon.com in a research note on Monday, August 3rd. UBS Group reissued a “buy” rating and set a $348.00 price objective (up from $318.00) on shares of Amazon.com in a report on Monday, October 26th. Oppenheimer restated an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Finally, Phillip Securities raised shares of Amazon.com from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Amazon.com Company Profile

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.