Amazon.com, Inc. (NASDAQ:AMZN) is Verdence Capital Advisors LLC’s 10th Largest Position

Verdence Capital Advisors LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,630 shares of the e-commerce giant’s stock after purchasing an additional 1,597 shares during the quarter. Amazon.com accounts for 1.1% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Verdence Capital Advisors LLC’s holdings in Amazon.com were worth $13,533,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Greenfield Savings Bank grew its holdings in Amazon.com by 1.5% during the second quarter. Greenfield Savings Bank now owns 23,114 shares of the e-commerce giant’s stock valued at $4,467,000 after purchasing an additional 335 shares during the last quarter. CGN Advisors LLC grew its stake in shares of Amazon.com by 2.0% in the second quarter. CGN Advisors LLC now owns 37,523 shares of the e-commerce giant’s stock worth $7,251,000 after acquiring an additional 741 shares during the last quarter. MPS Loria Financial Planners LLC increased its holdings in shares of Amazon.com by 4.4% during the 2nd quarter. MPS Loria Financial Planners LLC now owns 11,191 shares of the e-commerce giant’s stock worth $2,163,000 after purchasing an additional 468 shares during the period. Mid American Wealth Advisory Group Inc. increased its position in shares of Amazon.com by 44.3% during the second quarter. Mid American Wealth Advisory Group Inc. now owns 1,788 shares of the e-commerce giant’s stock valued at $346,000 after purchasing an additional 549 shares during the period. Finally, Contravisory Investment Management Inc. increased its holdings in Amazon.com by 3.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 47,099 shares of the e-commerce giant’s stock valued at $9,102,000 after buying an additional 1,411 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the 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 directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 4.6 %

Shares of Amazon.com stock opened at $220.52 on Thursday. 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 $233.00. The company has a market cap of $2.32 trillion, a P/E ratio of 47.22, a PEG ratio of 1.54 and a beta of 1.16. The company’s fifty day simple moving average is $204.37 and its two-hundred day simple moving average is $190.75.

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 net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMZN shares. Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their target price on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America boosted their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Monday. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $242.00.

Amazon.com 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.