Meyer Handelman Co. Purchases 7,345 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Meyer Handelman Co. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,340 shares of the e-commerce giant’s stock after purchasing an additional 7,345 shares during the quarter. Amazon.com accounts for approximately 2.1% of Meyer Handelman Co.’s investment portfolio, making the stock its 10th largest holding. Meyer Handelman Co.’s holdings in Amazon.com were worth $61,366,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in Amazon.com in the 1st quarter worth approximately $69,000. Finally, Innealta Capital LLC purchased a new stake in Amazon.com in the 2nd quarter worth approximately $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on AMZN. Jefferies Financial Group lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Monness Crespi & Hardt increased their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $208.18 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 44.58, a P/E/G ratio of 1.34 and a beta of 1.14. The company’s fifty day moving average price is $187.83 and its 200 day moving average price is $184.62.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.

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.