Mckinley Capital Management LLC Delaware Trims Stake in Amazon.com, Inc. (AMZN)

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Mckinley Capital Management LLC Delaware reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.0% during the 3rd quarter, Holdings Channel reports. The firm owned 29,119 shares of the e-commerce giant’s stock after selling 5,956 shares during the quarter. Amazon.com accounts for about 3.7% of Mckinley Capital Management LLC Delaware’s holdings, making the stock its biggest position. Mckinley Capital Management LLC Delaware’s holdings in Amazon.com were worth $58,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in Amazon.com by 1.2% in the second quarter. Assetmark Inc. now owns 6,234 shares of the e-commerce giant’s stock valued at $10,597,000 after purchasing an additional 71 shares during the period. Shepherd Financial Partners LLC raised its position in Amazon.com by 11.5% in the second quarter. Shepherd Financial Partners LLC now owns 3,753 shares of the e-commerce giant’s stock valued at $6,425,000 after purchasing an additional 388 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Amazon.com by 31.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock valued at $139,868,000 after purchasing an additional 19,500 shares during the period. NS Partners Ltd raised its position in Amazon.com by 7.0% in the second quarter. NS Partners Ltd now owns 12,151 shares of the e-commerce giant’s stock valued at $20,654,000 after purchasing an additional 790 shares during the period. Finally, Endurance Wealth Management Inc. raised its position in Amazon.com by 42.9% in the second quarter. Endurance Wealth Management Inc. now owns 150 shares of the e-commerce giant’s stock valued at $255,000 after purchasing an additional 45 shares during the period. Institutional investors own 55.70% of the company’s stock.

Shares of AMZN stock opened at $1,668.95 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. The firm has a market cap of $801.43 billion, a P/E ratio of 82.87, a PEG ratio of 2.29 and a beta of 1.62. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.49. The firm had revenue of $72.38 billion during the quarter, compared to the consensus estimate of $71.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. During the same quarter in the previous year, the firm posted $2.16 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 26.75 earnings per share for the current year.

A number of analysts have issued reports on AMZN shares. Nomura reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, December 4th. Barclays reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, December 4th. Wells Fargo & Co reissued a “buy” rating and issued a $2,100.00 target price on shares of Amazon.com in a research report on Monday, December 3rd. Loop Capital reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 20th. Five research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average target price of $2,107.33.

In related news, CEO Jeffrey A. Wilke sold 1,645 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $16,146,500. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the transaction, the director now owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,075 shares of company stock valued at $8,180,428. Insiders own 16.30% of the company’s stock.

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Amazon.com 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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