Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Overbrook Management Corp

Overbrook Management Corp raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,548 shares of the e-commerce giant’s stock after acquiring an additional 17,408 shares during the period. Amazon.com makes up 5.2% of Overbrook Management Corp’s investment portfolio, making the stock its 4th biggest holding. Overbrook Management Corp’s holdings in Amazon.com were worth $20,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. GUNN & Co INVESTMENT MANAGEMENT INC. grew its position in Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after buying an additional 21,595 shares during the last quarter. Paradigm Financial Partners LLC boosted its holdings in shares of Amazon.com by 1.4% in the fourth quarter. Paradigm Financial Partners LLC now owns 64,186 shares of the e-commerce giant’s stock valued at $9,752,000 after acquiring an additional 891 shares in the last quarter. RiverFront Investment Group LLC increased its stake in shares of Amazon.com by 5.7% during the fourth quarter. RiverFront Investment Group LLC now owns 117,134 shares of the e-commerce giant’s stock worth $17,797,000 after acquiring an additional 6,305 shares during the period. Kapstone Financial Advisors LLC increased its stake in shares of Amazon.com by 5.3% during the fourth quarter. Kapstone Financial Advisors LLC now owns 7,655 shares of the e-commerce giant’s stock worth $1,208,000 after acquiring an additional 387 shares during the period. Finally, Little House Capital LLC raised its holdings in Amazon.com by 5.9% during the fourth quarter. Little House Capital LLC now owns 51,610 shares of the e-commerce giant’s stock worth $7,842,000 after purchasing an additional 2,853 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Cantor Fitzgerald initiated coverage on Amazon.com in a report on Thursday, September 5th. They set an “overweight” rating and a $230.00 price objective on the stock. Sanford C. Bernstein raised their target price on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Stifel Nicolaus lowered their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, TD Cowen increased their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $222.49.

Amazon.com Stock Performance

NASDAQ AMZN opened at $184.89 on Tuesday. The business’s 50-day moving average price is $179.22 and its 200 day moving average price is $181.74. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a market capitalization of $1.92 trillion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Amazon.com Company 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.