Dixon Mitchell Investment Counsel Inc. Has $56.23 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Dixon Mitchell Investment Counsel Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,777 shares of the e-commerce giant’s stock after buying an additional 15,717 shares during the period. Amazon.com accounts for about 2.6% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 14th biggest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Amazon.com were worth $56,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Zhang Financial LLC boosted its stake in Amazon.com by 12.9% during the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after purchasing an additional 5,828 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares during the last quarter. GAMMA Investing LLC grew its holdings in Amazon.com by 19.2% during the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after buying an additional 19,231 shares in the last quarter. Stonekeep Investments LLC purchased a new stake in Amazon.com in the 2nd quarter valued at $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.4 %

Shares of NASDAQ:AMZN opened at $201.70 on Tuesday. The firm has a market capitalization of $2.12 trillion, a P/E ratio of 43.19, a P/E/G ratio of 1.36 and a beta of 1.14. The stock has a 50 day moving average price of $191.69 and a 200-day moving average price of $185.93. Amazon.com, Inc. has a 52-week low of $141.50 and a 52-week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Needham & Company LLC increased their price objective on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Wedbush upped their price objective on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Telsey Advisory Group raised their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $235.45.

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.