Pekin Hardy Strauss Inc. Acquires 65 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pekin Hardy Strauss Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,599 shares of the e-commerce giant’s stock after acquiring an additional 65 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Amazon.com were worth $4,956,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Summit Trail Advisors LLC lifted its position in Amazon.com by 10.7% in the 3rd quarter. Summit Trail Advisors LLC now owns 122,470 shares of the e-commerce giant’s stock valued at $22,820,000 after acquiring an additional 11,845 shares in the last quarter. Cahill Financial Advisors Inc. lifted its holdings in shares of Amazon.com by 5.1% in the third quarter. Cahill Financial Advisors Inc. now owns 12,996 shares of the e-commerce giant’s stock valued at $2,422,000 after purchasing an additional 635 shares in the last quarter. Capital Investment Counsel LLC lifted its holdings in shares of Amazon.com by 4.7% in the third quarter. Capital Investment Counsel LLC now owns 41,037 shares of the e-commerce giant’s stock valued at $7,646,000 after purchasing an additional 1,839 shares in the last quarter. SevenBridge Financial Group LLC boosted its position in shares of Amazon.com by 3.4% during the third quarter. SevenBridge Financial Group LLC now owns 71,838 shares of the e-commerce giant’s stock worth $14,859,000 after buying an additional 2,354 shares during the period. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Amazon.com by 5.5% during the third quarter. Westfield Capital Management Co. LP now owns 3,459,936 shares of the e-commerce giant’s stock worth $644,690,000 after buying an additional 180,130 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AMZN. JMP Securities restated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Monday, December 16th. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research report on Wednesday, November 20th. Mizuho raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.44.

Amazon.com Trading Up 1.8 %

Shares of NASDAQ:AMZN opened at $224.19 on Friday. The company has a market capitalization of $2.36 trillion, a P/E ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business’s 50 day simple moving average is $213.07 and its 200 day simple moving average is $194.05. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the business earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred 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. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

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.