Amazon.com, Inc. (NASDAQ:AMZN) is Liberty Capital Management Inc.’s 6th Largest Position

Liberty Capital Management Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,166 shares of the e-commerce giant’s stock after buying an additional 349 shares during the period. Amazon.com makes up approximately 2.6% of Liberty Capital Management Inc.’s portfolio, making the stock its 6th largest position. Liberty Capital Management Inc.’s holdings in Amazon.com were worth $11,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Garrison Point Advisors LLC increased its stake in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 55 shares during the period. Meridian Investment Counsel Inc. raised its position in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares in the last quarter. O Connor Financial Group LLC raised its holdings in shares of Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC raised its holdings in shares of Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares in the last quarter. Finally, O Dell Group LLC increased its position in shares of Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock worth $2,460,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.6 %

AMZN opened at $197.12 on Monday. The business’s 50-day simple moving average is $193.00 and its 200-day simple moving average is $186.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company 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%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. Analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Barclays upped their target price on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group upped their target price on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.77.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock worth $1,249,093,896 in the last ninety days. 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.