First Long Island Investors LLC Has $55.20 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

First Long Island Investors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,264 shares of the e-commerce giant’s stock after buying an additional 6,779 shares during the period. Amazon.com accounts for about 4.4% of First Long Island Investors LLC’s investment portfolio, making the stock its 4th biggest holding. First Long Island Investors LLC’s holdings in Amazon.com were worth $55,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gouws Capital LLC grew its position in Amazon.com by 0.3% in the 3rd quarter. Gouws Capital LLC now owns 40,366 shares of the e-commerce giant’s stock valued at $7,521,000 after buying an additional 125 shares in the last quarter. Bank of Marin lifted its stake in shares of Amazon.com by 1.1% in the 3rd quarter. Bank of Marin now owns 15,880 shares of the e-commerce giant’s stock worth $2,959,000 after acquiring an additional 176 shares during the period. Valley Wealth Managers Inc. boosted its holdings in shares of Amazon.com by 34.4% in the third quarter. Valley Wealth Managers Inc. now owns 21,953 shares of the e-commerce giant’s stock valued at $4,091,000 after acquiring an additional 5,619 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Amazon.com by 11.7% during the third quarter. Empowered Funds LLC now owns 205,523 shares of the e-commerce giant’s stock valued at $38,295,000 after acquiring an additional 21,512 shares during the period. Finally, Empirical Finance LLC raised its holdings in Amazon.com by 2.2% during the third quarter. Empirical Finance LLC now owns 323,303 shares of the e-commerce giant’s stock worth $60,241,000 after purchasing an additional 7,015 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 0.9 %

Shares of AMZN stock opened at $227.05 on Friday. The business’s 50 day moving average is $209.04 and its two-hundred day moving average is $192.55. The company has a quick ratio of 0.87, a current ratio of 1.09 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 $2.39 trillion, a PE ratio of 48.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 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 firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s 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 transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Mizuho raised their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Tigress Financial raised their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $243.00.

About Amazon.com

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.