Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,893 shares of the e-commerce giant’s stock after acquiring an additional 1,610 shares during the quarter. Amazon.com accounts for 4.6% of Arthur M. Cohen & Associates LLC’s holdings, making the stock its 8th largest position. Arthur M. Cohen & Associates LLC’s holdings in Amazon.com were worth $25,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of AMZN. Hanlon Investment Management Inc. boosted its position in Amazon.com by 17.7% during the third quarter. Hanlon Investment Management Inc. now owns 6,972 shares of the e-commerce giant’s stock worth $1,299,000 after purchasing an additional 1,050 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in Amazon.com by 0.8% during the third quarter. Pittenger & Anderson Inc. now owns 203,870 shares of the e-commerce giant’s stock worth $37,987,000 after purchasing an additional 1,678 shares in the last quarter. Arista Wealth Management LLC boosted its position in Amazon.com by 4.4% during the third quarter. Arista Wealth Management LLC now owns 17,143 shares of the e-commerce giant’s stock worth $3,194,000 after purchasing an additional 725 shares in the last quarter. Amalgamated Bank boosted its position in Amazon.com by 3.0% during the third quarter. Amalgamated Bank now owns 2,036,099 shares of the e-commerce giant’s stock worth $379,386,000 after purchasing an additional 59,523 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its position in shares of Amazon.com by 4.5% in the third quarter. Sentry Investment Management LLC now owns 44,565 shares of the e-commerce giant’s stock valued at $8,304,000 after acquiring an additional 1,939 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.7 %

Shares of Amazon.com stock opened at $227.46 on Friday. The company has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $231.20. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $201.65 and a 200 day moving average of $189.67.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wedbush raised their target price on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Evercore ISI upped their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Finally, Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.87.

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.