Schubert & Co Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Schubert & Co purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,192 shares of the e-commerce giant’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its position in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares in the last quarter. Quent Capital LLC increased its holdings in Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Amazon.com by 5.8% during the first quarter. Salomon & Ludwin LLC now owns 16,563 shares of the e-commerce giant’s stock valued at $2,988,000 after acquiring an additional 901 shares during the period. Smart Money Group LLC lifted its holdings in shares of Amazon.com by 28.6% in the first quarter. Smart Money Group LLC now owns 5,754 shares of the e-commerce giant’s stock worth $1,007,000 after buying an additional 1,279 shares in the last quarter. Finally, Paradigm Strategies in Wealth Management LLC boosted its stake in Amazon.com by 19.9% during the first quarter. Paradigm Strategies in Wealth Management LLC now owns 3,173 shares of the e-commerce giant’s stock valued at $572,000 after buying an additional 527 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $204.61 on Wednesday. The company’s 50 day moving average is $192.19 and its two-hundred day moving average is $186.06. 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 52-week low of $141.50 and a 52-week high of $215.90. The firm has a market cap of $2.15 trillion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its 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 firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Robert W. Baird boosted their target price on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is currently owned by insiders.

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.