Channing Global Advisors LLC Sells 140 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Channing Global Advisors LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,707 shares of the e-commerce giant’s stock after selling 140 shares during the period. Amazon.com accounts for about 5.8% of Channing Global Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Channing Global Advisors LLC’s holdings in Amazon.com were worth $6,840,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Captrust Financial Advisors increased its stake in shares of Amazon.com by 4.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,842,976 shares of the e-commerce giant’s stock valued at $343,402,000 after buying an additional 80,651 shares during the period. William Allan Corp lifted its holdings in Amazon.com by 2.0% during the third quarter. William Allan Corp now owns 19,319 shares of the e-commerce giant’s stock worth $3,600,000 after acquiring an additional 382 shares in the last quarter. Woodson Capital Management LP bought a new position in Amazon.com during the third quarter worth about $13,308,000. Skye Global Management LP lifted its holdings in Amazon.com by 4.9% during the third quarter. Skye Global Management LP now owns 11,918,169 shares of the e-commerce giant’s stock worth $2,220,712,000 after acquiring an additional 560,454 shares in the last quarter. Finally, Centric Wealth Management lifted its holdings in Amazon.com by 3.2% during the third quarter. Centric Wealth Management now owns 23,201 shares of the e-commerce giant’s stock worth $4,323,000 after acquiring an additional 716 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $222.13 on Thursday. Amazon.com, Inc. has a fifty-two week low of $148.21 and a fifty-two week high of $233.00. The firm’s 50-day simple moving average is $215.07 and its 200 day simple moving average is $194.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 47.57, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein upped their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Tigress Financial upped their target price on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Finally, Royal Bank of Canada boosted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.67.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com 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.