Vicus Capital Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Vicus Capital reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 19,404 shares of the e-commerce giant’s stock after selling 5,909 shares during the period. Vicus Capital’s holdings in Amazon.com were worth $3,616,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMZN. Garrison Point Advisors LLC lifted its holdings in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares in the last quarter. O Connor Financial Group LLC raised its position in shares of Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after purchasing an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC lifted its stake in Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after buying an additional 55 shares in the last quarter. Finally, O Dell Group LLC grew its holdings in Amazon.com by 0.4% during the 1st quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock valued at $2,460,000 after buying an additional 57 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.6 %

NASDAQ AMZN opened at $197.12 on Friday. The company’s fifty day simple moving average is $193.00 and its 200-day simple moving average is $186.31. The stock has a market cap of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. 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 (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock worth $1,249,093,896 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Wedbush boosted their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.77.

Amazon.com Company 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.