Cable Hill Partners LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cable Hill Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,544 shares of the e-commerce giant’s stock after buying an additional 342 shares during the quarter. Amazon.com makes up 0.2% of Cable Hill Partners LLC’s investment portfolio, making the stock its 29th largest position. Cable Hill Partners LLC’s holdings in Amazon.com were worth $1,778,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Bell Bank lifted its stake in shares of Amazon.com by 12.8% in the 3rd quarter. Bell Bank now owns 61,719 shares of the e-commerce giant’s stock valued at $11,500,000 after purchasing an additional 6,982 shares in the last quarter. Axim Planning & Wealth raised its holdings in shares of Amazon.com by 7.3% during the 3rd quarter. Axim Planning & Wealth now owns 1,283 shares of the e-commerce giant’s stock valued at $239,000 after buying an additional 87 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Amazon.com by 4.4% during the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 798,739 shares of the e-commerce giant’s stock worth $148,829,000 after acquiring an additional 33,730 shares in the last quarter. Schrum Private Wealth Management LLC boosted its holdings in Amazon.com by 47.8% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 2,154 shares of the e-commerce giant’s stock worth $401,000 after acquiring an additional 697 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd grew its position in Amazon.com by 6.0% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 154,797 shares of the e-commerce giant’s stock valued at $28,843,000 after acquiring an additional 8,787 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Loop Capital boosted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Maxim Group lifted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group increased their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Finally, Sanford C. Bernstein increased their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Stock Up 1.8 %

Shares of Amazon.com stock opened at $229.05 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The company has a market cap of $2.41 trillion, a P/E ratio of 49.05, a PEG ratio of 1.54 and a beta of 1.16. The company’s fifty day simple moving average is $206.58 and its two-hundred day simple moving average is $191.74.

Amazon.com (NASDAQ:AMZN) last announced 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 during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’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 transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

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.