Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Norris Perne & French LLP MI

Norris Perne & French LLP MI raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 218,195 shares of the e-commerce giant’s stock after purchasing an additional 16,584 shares during the period. Amazon.com accounts for approximately 2.8% of Norris Perne & French LLP MI’s portfolio, making the stock its 4th biggest holding. Norris Perne & French LLP MI’s holdings in Amazon.com were worth $40,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. increased its stake in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after acquiring an additional 43,759 shares during the last quarter. Quent Capital LLC increased its stake in shares of 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 during the last quarter. Stonebridge Capital Advisors LLC increased its position in shares of Amazon.com by 2.4% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 201,591 shares of the e-commerce giant’s stock worth $36,363,000 after purchasing an additional 4,659 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Amazon.com by 3.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 153,659 shares of the e-commerce giant’s stock worth $27,717,000 after purchasing an additional 5,494 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Amazon.com by 0.4% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 22,950 shares of the e-commerce giant’s stock worth $4,140,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock worth $1,252,883,795 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $227.03 on Friday. Amazon.com, Inc. has a 1-year low of $143.64 and a 1-year high of $227.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16. The stock’s fifty day simple moving average is $197.39 and its 200-day simple moving average is $188.12.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Redburn Atlantic raised their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson raised their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their target price on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.20.

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.