Baillie Gifford & Co. Lowers Position in Amazon.com, Inc. (AMZN)

Baillie Gifford & Co. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,477,598 shares of the e-commerce giant’s stock after selling 338,548 shares during the quarter. Amazon.com makes up about 7.9% of Baillie Gifford & Co.’s holdings, making the stock its 2nd biggest holding. Baillie Gifford & Co. owned about 1.35% of Amazon.com worth $6,227,238,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMZN. Vestor Capital LLC increased its position in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. LeJeune Puetz Investment Counsel LLC purchased a new position in Amazon.com during the 2nd quarter valued at $116,000. Mountain Capital Investment Advisors Inc purchased a new position in Amazon.com during the 2nd quarter valued at $121,000. Patriot Financial Group Insurance Agency LLC increased its position in Amazon.com by 22.2% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 154 shares of the e-commerce giant’s stock valued at $153,000 after purchasing an additional 28 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new position in Amazon.com during the 2nd quarter valued at $161,000. Institutional investors own 59.77% of the company’s stock.

Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,229.14 on Friday. Amazon.com, Inc. has a 1 year low of $760.26 and a 1 year high of $1,229.14. The company has a market cap of $592,290.00, a PE ratio of 310.39, a P/E/G ratio of 7.07 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

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

A number of brokerages have issued reports on AMZN. Cantor Fitzgerald reissued a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research report on Thursday, September 28th. SunTrust Banks reissued a “buy” rating and set a $1,190.00 price objective on shares of Amazon.com in a research report on Monday, October 2nd. Citigroup reissued a “buy” rating and set a $1,400.00 price objective (up from $1,250.00) on shares of Amazon.com in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $1,250.00 price objective (up from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Finally, Loop Capital reissued a “buy” rating and set a $1,200.00 price objective on shares of Amazon.com in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,240.45.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the transaction, the director now owns 17,114 shares in the company, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock worth $444,391,701 in the last 90 days. Company insiders own 17.70% of the company’s stock.

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Amazon.com Company 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.

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

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