Telemus Capital LLC Has $13.16 Million Position in Amazon.com, Inc. (AMZN)

Telemus Capital LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,691 shares of the e-commerce giant’s stock after selling 1,800 shares during the period. Amazon.com accounts for 2.1% of Telemus Capital LLC’s investment portfolio, making the stock its 5th largest holding. Telemus Capital LLC owned 28.41% of Amazon.com worth $13,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Harbour Capital Advisors LLC lifted its stake in Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Amazon.com by 1,045.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after purchasing an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. lifted its stake in Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares in the last quarter. BlackRock Inc. lifted its stake in Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Amazon.com by 125.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after purchasing an additional 457,300 shares in the last quarter. 59.82% of the stock is owned by institutional investors.

Several research firms have issued reports on AMZN. Cantor Fitzgerald reiterated a “buy” rating and issued a $1,150.00 target price on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Bank of America reiterated a “buy” rating and issued a $1,460.00 target price (up from $1,220.00) on shares of Amazon.com in a research note on Tuesday. They noted that the move was a valuation call. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 target price on the stock. in a research note on Monday, October 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $1,250.00 target price (up from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. Finally, Jefferies Group restated a “buy” rating and set a $1,350.00 price objective on shares of Amazon.com in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating, fifty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,278.33.

Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,293.32 on Friday. The stock has a market cap of $623,210.00, a price-to-earnings ratio of 326.60, a price-to-earnings-growth ratio of 7.63 and a beta of 1.46. Amazon.com, Inc. has a twelve month low of $803.00 and a twelve month high of $1,339.94. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. Amazon.com’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. equities analysts expect that Amazon.com, Inc. will post 4.24 earnings per share for the current year.

In other Amazon.com news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The disclosure for this sale can be found here. In the last three months, insiders sold 402,338 shares of company stock worth $444,391,701. Insiders own 17.70% of the company’s stock.

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Amazon.com Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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