Mackay Shields LLC Sells 869 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Mackay Shields LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 149,435 shares of the e-commerce giant’s stock after selling 869 shares during the period. Amazon.com comprises about 1.6% of Mackay Shields LLC’s holdings, making the stock its 5th largest position. Mackay Shields LLC’s holdings in Amazon.com were worth $259,406,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Gulf International Bank UK Ltd increased its position in Amazon.com by 0.5% in the 2nd quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after acquiring an additional 480 shares during the period. Gladstone Institutional Advisory LLC increased its position in Amazon.com by 12.0% in the 2nd quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock valued at $3,299,000 after acquiring an additional 186 shares during the period. Cornerstone Advisory LLC increased its position in Amazon.com by 50.0% in the 2nd quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock valued at $2,602,000 after acquiring an additional 458 shares during the period. RB Capital Management LLC increased its position in Amazon.com by 8.5% in the 2nd quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock valued at $2,536,000 after acquiring an additional 105 shares during the period. Finally, Family Management Corp increased its position in Amazon.com by 1.0% in the 2nd quarter. Family Management Corp now owns 2,805 shares of the e-commerce giant’s stock valued at $5,312,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 55.60% of the company’s stock.

AMZN has been the topic of several analyst reports. Pivotal Research restated a “buy” rating and issued a $2,615.00 target price (down from $2,750.00) on shares of Amazon.com in a research report on Friday, July 26th. Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 25th. Susquehanna Bancshares set a $2,200.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Friday, October 25th. SunTrust Banks lifted their price target on Amazon.com from $2,200.00 to $2,350.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, October 8th. They set an “outperform” rating and a $2,234.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $2,189.97.

AMZN opened at $1,795.77 on Thursday. The firm has a market cap of $894.75 billion, a PE ratio of 89.16, a P/E/G ratio of 3.20 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $1,760.25 and a 200-day simple moving average of $1,840.76. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.75 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 20.52 EPS for the current fiscal year.

In other news, CFO Brian T. Olsavsky sold 1,765 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the completion of the sale, the chief financial officer now owns 2,480 shares of the company’s stock, valued at $4,421,840. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $17,739,900. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,747 shares of company stock valued at $40,737,808. 16.10% of the stock is currently owned by insiders.

Amazon.com Company Profile

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

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

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