Clifford Swan Investment Counsel LLC Reduces Stake in Amazon.com, Inc. (AMZN)

Clifford Swan Investment Counsel LLC Reduces Stake in Amazon.com, Inc. (AMZN)

Clifford Swan Investment Counsel LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 7,413 shares of the e-commerce giant’s stock after selling 79 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Amazon.com were worth $6,207,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. LS Investment Advisors LLC increased its position in Amazon.com by 2.3% in the second quarter. LS Investment Advisors LLC now owns 5,864 shares of the e-commerce giant’s stock worth $4,196,000 after buying an additional 132 shares during the last quarter. Meeder Asset Management Inc. increased its position in Amazon.com by 21.0% in the second quarter. Meeder Asset Management Inc. now owns 17,771 shares of the e-commerce giant’s stock worth $12,716,000 after buying an additional 3,083 shares during the last quarter. Cornerstone Advisors Inc. increased its position in Amazon.com by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 558 shares of the e-commerce giant’s stock worth $399,000 after buying an additional 2 shares during the last quarter. Smith Asset Management Group LP increased its position in Amazon.com by 217.1% in the second quarter. Smith Asset Management Group LP now owns 31,069 shares of the e-commerce giant’s stock worth $22,234,000 after buying an additional 21,270 shares during the last quarter. Finally, Strs Ohio increased its position in Amazon.com by 2.9% in the second quarter. Strs Ohio now owns 395,153 shares of the e-commerce giant’s stock worth $282,779,000 after buying an additional 11,094 shares during the last quarter. 65.37% of the stock is currently owned by institutional investors.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.60% during mid-day trading on Friday, hitting $834.15. The company had a trading volume of 2,499,919 shares. The firm has a 50-day moving average of $783.12 and a 200-day moving average of $779.05. The company has a market cap of $396.36 billion, a PE ratio of 191.10 and a beta of 1.42. Amazon.com, Inc. has a 12 month low of $474.00 and a 12 month high of $847.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The company had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.69 billion. During the same quarter last year, the company earned $0.17 EPS. The business’s revenue was up 29.0% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post $4.77 EPS for the current year.

AMZN has been the topic of a number of research reports. Guggenheim initiated coverage on shares of Amazon.com in a report on Friday, September 30th. They issued a “buy” rating and a $950.00 price objective on the stock. JMP Securities raised their target price on shares of Amazon.com from $840.00 to $950.00 and gave the stock a “buy” rating in a research note on Friday, September 30th. Wedbush restated an “outperform” rating and set a $900.00 target price on shares of Amazon.com in a research note on Friday, September 30th. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $900.00 target price on shares of Amazon.com in a research note on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $925.80.

In other news, CEO Jeffrey A. Wilke sold 4,890 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $767.15, for a total transaction of $3,751,363.50. Following the transaction, the chief executive officer now owns 58,139 shares in the company, valued at $44,601,333.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

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

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