Middleton & Co. Inc. MA Has $49.88 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Middleton & Co. Inc. MA trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 267,670 shares of the e-commerce giant’s stock after selling 1,101 shares during the period. Amazon.com accounts for approximately 5.5% of Middleton & Co. Inc. MA’s investment portfolio, making the stock its 2nd biggest position. Middleton & Co. Inc. MA’s holdings in Amazon.com were worth $49,875,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Outlook Wealth Advisors LLC lifted its stake in shares of Amazon.com by 4.6% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 4,213 shares of the e-commerce giant’s stock valued at $785,000 after acquiring an additional 187 shares during the last quarter. Lyell Wealth Management LP lifted its stake in shares of Amazon.com by 1.7% in the 3rd quarter. Lyell Wealth Management LP now owns 160,226 shares of the e-commerce giant’s stock valued at $29,855,000 after acquiring an additional 2,724 shares during the last quarter. CWC Advisors LLC. bought a new position in shares of Amazon.com in the 3rd quarter valued at $338,000. Mayfair Advisory Group LLC lifted its stake in shares of Amazon.com by 21.5% in the 3rd quarter. Mayfair Advisory Group LLC now owns 5,025 shares of the e-commerce giant’s stock valued at $937,000 after acquiring an additional 889 shares during the last quarter. Finally, Convergence Financial LLC lifted its stake in shares of Amazon.com by 3.8% in the 3rd quarter. Convergence Financial LLC now owns 29,209 shares of the e-commerce giant’s stock valued at $5,443,000 after acquiring an additional 1,063 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. UBS Group raised their target price on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JMP Securities raised their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Finally, Oppenheimer raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was 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 approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock worth $1,252,148,795 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $207.89 on Friday. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $194.78 and its 200 day simple moving average is $186.94. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current 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.