Procyon Advisors LLC Purchases 15,684 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Procyon Advisors LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 196,811 shares of the e-commerce giant’s stock after buying an additional 15,684 shares during the period. Amazon.com makes up 2.5% of Procyon Advisors LLC’s portfolio, making the stock its 3rd largest position. Procyon Advisors LLC’s holdings in Amazon.com were worth $36,683,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after acquiring an additional 14,766 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Amazon.com by 19.2% during the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after purchasing an additional 19,231 shares during the last quarter. Stonekeep Investments LLC bought a new position in Amazon.com in the second quarter valued at $2,588,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after buying an additional 654,908 shares during the last quarter. Finally, Rockport Wealth LLC lifted its position in Amazon.com by 2,240.6% during the 2nd quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock worth $14,832,000 after buying an additional 73,470 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Susquehanna raised their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Rosenblatt Securities upped their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Pivotal Research assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Insider Activity

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,859 shares of company stock worth $10,215,097. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.6 %

AMZN opened at $206.84 on Tuesday. The company has a market cap of $2.17 trillion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The company has a 50-day moving average price of $187.83 and a 200 day moving average price of $184.71. 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

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.